Episode 183
S3E50: [Krista Edwards] Your ROTH IRA
Are you looking to retire comfortable, but not sure where to start?
Message from Krista:
As for Roths - I love them specifically because the people who qualify for them could dramatically change their financial futures if they took full advantage of them. Especially young, middle class people without a ton of financial knowledge. My goal is to get people started early investing in this account and maxing it out ASAP. Here are the main things I like about it:
- Tax free growth
- Can pull out contributions penalty free at anytime - so less fear around using them, and this account could double as an emergency fund if absolutely necessary (although not recommended)
- Not dependent on an employer - I like this aspect for young people especially because more and more people are relying on the gig economy, side hustles, restaurant jobs, etc.
- Can pull money out for education expenses, medical expenses, and first time home purchases
- Great tool for people on a FI journey
=|| Books Mentioned ||=
I will Teach You To Be Rich: https://amzn.to/3J7BLeP
harry potter series (book 1 - 7) : https://amzn.to/3YFD1LQ
Krista Edwards contact:
IG: https://www.instagram.com/readytoroth/
https://linktr.ee/krista_readytoroth
She even has her own podcast "Ready To Roth"
Watch on youtube: https://youtu.be/h-DYZ49S79w
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THANK YOU FOR LISTENING!
#ROTHIRA #retirement #readytoroth #aboutthatwallet #retirementplanning
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DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with.
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