4 Mistakes People Make With Roth IRAs

4 Mistakes People Make With Roth IRAs | Jazz After Dark

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Күн бұрын

Today we're going over a few different mistakes that we see people make with Roth IRAs! Before we get to the topic, we now have a show sponsor! We are proud to partner with Flaviar! If you've been following us for a while, you know we've been big fans of Flaviar since we found them.
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Mistakes Made 4:06 - 14:00
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Пікірлер: 23

@KeeptheChange41 Жыл бұрын

Love the FAR/AIM in the back, good read.

@martinguldner3990 Жыл бұрын

I placed new money from 2022 contributions in my Roth IRA in ETFs that do cover calls on Market indexes s&p500 NASDAQ 100 Dow 30 Russell 2000. Covered call exchange-traded notes on futures of Gold Silver and West Texas Crude. I did this because I got tired of losing money what the other ETFs that I already owned and wanted to generate a little bit of income. I used that extra income to buy more shares of ETFs that I already owned before doing this strategy.

@brucesmith6868 Жыл бұрын

Thanks Dustin I got started late and your growth advice has been spot on to help me make up for lost time!!

@hzam377 Жыл бұрын

Good stuff as always Dustin Thank you 13:16

@lewharmon4253 Жыл бұрын

Cheers! Love the advise.

@CraigNAnderson Жыл бұрын

Cheers! From my family, to yours

@CBreckinridge Жыл бұрын

Thanks Dustin

@marcusg2553 Жыл бұрын

Growth, Growth, Growth...😑 Other then that good advice.

@davidmclifton1 Жыл бұрын

The only thing I think missed here is if you back door the Roth you have a 5 year rule, because it’s a conversion.

@KA-NV Жыл бұрын

3:20 the information starts

@WillingNAbelVids Жыл бұрын

127k subscribers isn’t small time. If you want the content advertised on title 4:20 no joke

@jwdepriest Жыл бұрын

Still waiting on Inflation Reduction Act video…

@Choppus13 Жыл бұрын

Jamison and ginger ale

@shaunbeauchemin8985 Жыл бұрын

Can you withdraw from a company sponsored roth IRA in the first year. I was told I couldn,t?

@bluegillmich Жыл бұрын

First time i took money out of mine this year, I was on medical leave ( not work related) and it was only $600 but i got a statement from my Roth. I am hoping not to pay taxes on it.

@sak_5 Жыл бұрын

You shouldn’t pay taxes if your Roth contribution was higher than $600. Now, I’m not sure if these $600 qualify as “income” in case you were right below the next income tax bracket that would trigger additional income tax. That’s a question hopefully someone can answer.

@youngjedi5599 Жыл бұрын

I think you can only take from your Roth after 5 years and only what you contributed.

@sak_5 Жыл бұрын

@@youngjedi5599 You can withdraw your contribution anytime tax-free, penalty-free. The 5-yr rule applies if you withdraw earnings (subject to taxes and penalties depending on the reason for the withdrawal), also the 5-year rule applies when you transfer from a 401k to a Roth IRA.

@bluegillmich Жыл бұрын

@@youngjedi5599 sure seems confusing, i believe you can take money you contributed any time( even before 5 years ) Just Not any profits from it- i shall find out soon

@fluffhead917 Жыл бұрын

You can definitely withdraw any amount up to what you actually CONTRIBUTED to a Roth.. anytime you want, tax free.. 🍺

@KeeptheChange41 Жыл бұрын

How do you feel about selling calls in roth?

@MatthewBuntyn Жыл бұрын

That's a strategy that he uses with some of his clients

@fluffhead917 Жыл бұрын

You need to emphasize that when you’re talking about withdrawing from your Roth, you can only withdraw up to the amount that you’ve actually CONTRIBUTED.. without any penalty..