What if we told you there was a retirement account that would allow you to withdraw your investment profits, potentially a million dollars, completely tax-free? Let us introduce you to a Roth IRA. In this video, Finance Nerd Marko from Whiteboard Finance teaches you how it works, the pros (tax-free growth and withdrawals, no early contribution penalty, no RMDs) and cons (no upfront tax benefit, contribution limits, income limits, 10% early withdrawal penalty recording) and how to set it up step by step.

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Roth IRA: Rules and How to Open One: https://www.nerdwallet.com/investing/roth-ira-calculator?utm_source=yt&utm_medium=sc&utm_campaign=ba_mktg_organic_041224_social_cm_yt_breakthrough_promotionalexplainer_rothira-calculator

Chapters:
0:00 – Introduction
0:15 – Roth IRA explained
1:50 – Tax-free calculation example
3:14 – Pros and cons of a Roth IRA
6:22 – Tutorial: How to set up a Roth IRA

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How to Invest with a Roth IRA 2024 (Start to Finish) | NerdWallet
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