Where to Open a Roth IRA (THE 5 BEST PLACES FOR BEGINNERS)
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- เผยแพร่เมื่อ 16 มิ.ย. 2024
- WHERE TO OPEN A ROTH IRA // Best Roth IRA for beginners? A review of the 5 BEST places to open a Roth IRA account. Rather than getting stuck on where to open a Roth IRA (which is only the first step to investing!), here's a review of my personal experiences with Roth IRA investing, and my recommendations (based on experience level) on where to open your Roth IRA.
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
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***FREE DOWNLOAD: ROTH IRA INVESTING STARTER KIT
The Ultimate Guide to Becoming a Tax-Free Millionaire
www.rosehan.com/rothstarterkit
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
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The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
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InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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• Where to Open a Roth I...
who else is here at 2am... researching all your options
Lol, it's exactly 2:06 am
3:32 AM… Need to start my Roth IRA but don’t want to get screwed over by something like bad user interface or fees. Just found out my Wells Fargo bank charges me fees, BS… Need suggestions ha ha
2:43 am hehe
Quarantine schedule bro lmao
It's 4:12 am. I win
" So rather than staying up until 2 am trying to research all your options..." * looks at clock- 1:50am* lol
haha...way past 2, 6 am here just shy of a 12-hr streak..
1:37 am
2:11am.
Sheeeeesh she called us all out 😂
Thanks for getting to the point and not wasting viewers time with personal stories and bla bla bla in the beginning of your the video. Your information was very detailed and informative! Thanks for sharing!😊
She's right! I watched this video and went with Fidelity. They REALLY ARE easy to talk to on the phone. Not just short hold time, but like... actually friendly and helpful.
@@jeanp.5929 transfer it
I like them too, I have both Vanguard and Fidelity. The new no fee is great, but get a lot of calls wanting me to transfer to managed (fee) funds. I don't get that with Vanguard.
@@michaelsylvia275 Really? Interesting. Fidelity's literally never once called me.
Agree helped me with a rollover form issue yesterday
I was dreading the call but took less 5 minutes and a person was on the phone in about 1 minute
You're AMAZING Rose! Thank you for your passion and concise discussions about money.
Keep up the good work rose you’re helping a lot of people
This is awesome stuff. I was looking for a simple way to explain this to someone and this was perfect. Great work Rose.
Hi Rose I'm a new subscriber, binging on your videos for the past 3 days now. You are very helpful explaining all these investing complexities and straight to the point. I wish you made videos 20 years ago. I'm now 50 y/o just starting to invest. It kept me all those years from investing because I don't understand how all the retirement accounts, stocks etc works. Please keep making videos that are simple to understand.
Same here, but I'm 70 and living on Social Security, and Veteran widow income
been watching investment videos all day, and after around a dozen different channels, yours is the best so far. Thank you!
After clicking on countless videos trying to understand this was the first one that got to the point and made sense. Thank you.
Straight to the point, no waste of time. Please keep it up , thanks for your help 👍
I love the videos! It is very informative and detailed. You get right to the point making it easy to understand. Thank you for your guidance, Rose!!!
These videos are awesome, Rose. Thank you for these easy to understand videos for someone who isn't crazy about finances.
Lona Lee.....you are beautiful!!!!!!
Thanks for laying this out so clearly Rose! Just went and opened an account with fidelity :)
LOVED That you summarized at the end. Thank you!
Just found your channel, your explanations are great and energy is on point. Keep going Rose
Thank you for this video. I was familiar with Vanguard and Fidelity, didn’t realize Acorns had a Roth option. Definitely going to check that out. I like simple!
It's a pretty nice feature, I enjoy their interface. I just uploaded a video reviewing my 1yr with an Acorns Roth IRA.
Simply: excellent presentation and superb teaching (this from a former teacher [which is why I am here]). Very worth the ten minutes!
Great Video! Thank you for for explaining all the options so well 😊
super helpful content Rose!! Total beginner here so I'm excited to see your other content :)
Thanks for your feedback. ___For more guidance
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This is a great video! Very informative and was just what I needed to make me feel comfortable about investing....it's very very intimidating for me so I reeeaaally needed this video.
@@orangemountain457 thank you for that advice. I've need to start a Roth IRA. I've only had a Money Market and bank account so it's scary for this gal. Lol
Thanks 🙏🏾..as always…very informative and helpful…and easy to understand…
Great concise clear info! Thanks
love the analogies you use to explain things. i.e. flip phone vs smart phone for grannie.
I have had a Fidelity account for about 30 years. I can back up everything that Rose mentions about them.
Just opened a ROTH 2 days ago and plan on using a robo for a taxable account in December
Sir how much do they charge for opening a Roth IRA ?
@@1216Naina Nothing. There is no fee to open the account.
@@jlshoem he means the pretax that is charged
@@tahntalus Younger people can deposit $6,000 a year into a ROTH. Older people can deposit $7,000 a year. There is no fee. And it is not taxed.
Thanks Rose. I opened an account for my son who is 16. Did it because I watched this video!
Perfect Rosie. I really enjoy your videos
Just found your channel and subbed. A good mix of topics covered here. I'm small investing youtuber myself. Keep up the great content!
Thank you :) Love what you're doing too - tracking your journey. What a cool approach!
@@itsrosehan Thanks for the positive feedback. Looking forward to your next video!
Dry Jam Reductions How do you feel about Charles Schwab?
This was exactly what I was looking for. Thank you.
Thank you so much for your clear explanations!
Oh my word! I have now watched several of your videos and my ears are starting to bleed because of my overheated brain. There's so much information! Thank you
thankyou for the videos u have posted . been helping me a lot. and learning a lot
Thank you for sharing.. Great tips 👍🏽
Golden Child you’re very welcome! what part did you find most helpful?
Girl you are SO GOOD. Thank you!!!
Lol I'm happy that you said Vanguard first. Luckily that is where I have my funds.
Hey now, don't underestimate the grannies, she could be an unrealized genius coder.
Thank you 🙏 for this efficient & fast video!!!!
5 stars ✨
Amazing informative video! Thank you so much!!!
Thank you so much Rose, I really appreciate your channel ❤
Cheers! Awesome. Hey, this video really helped me to understand an App I have been using for over a year (Acorns). I'm thinking of opening a Fidelity account next. Thanks for the info.
love your video; very informative thanks
Thank you! Your advice is what I was looking for as a beginner! Great video!💜🖤
Great video Rose. It would be interesting to get your thoughts around a good strategy for someone ready to transition from a regular 401k into Roth formats, etc when in the mid 60 year old range preparing for retirement. Thanks
Hi! Love your videos can you make a video about how credit unions work and which one is better banks or credit unions
Thank you 🙏🏼
Please do a video on your preferred asset allocation for a ROTH. Thanks.
Thanks! Just what I was looking for.
Thanks for the information 👍
Thanks for all of this. Can you buy Fidelity Indexes in Acorn and Stach?
As a beginner this video has helped me a ton!!
I so glad I found you . Thank you so much .
What's your opinion about TD Ameritrade?
Rose, could you upload a video about how to rebalance a Fidelity portfolio?? I think the TH-cam community is lacking in good explanations in this area. I have watched a handful of your videos, so sorry if you've covered it already and I just missed it!
Great video Rose😊 I am definitely a beginner at this but will definitely give some of these a try 💜💜
contact me at +18026840782 on whatsapp for more help , the right signals to maximize your profits and get 100% returns on investments
@@konahhokes3072 Scammer
Hi Rose, thanks for a great video. In Fidelity in particular, what kind of fees do they charge for trading options, if any, in the Roth account?
Greatly informative video on where to open ROTH IRA! Thanks, Rose!
Another great video! Thank your for sharing your knowledge. Which investment account do you suggest for saving for a down payment on a home?
Chrissy Zayas I am currently using a high yield savings account (Marcus Account) to save for my down payment. It’s safe and I get an okay return.
Fantastic video!! Thank you!
Thank you! You are so pretty Rose!!
Your phone number? Would love to chat with you!
Moving from Charles Schwab to M1 Finance because with M1 I can transfer money automatically on a weekly basis. It’s also much easier to invest in the different asset allocations with M1. Their user interface is definitely a plus too.
your wonderful! thankyou for the knowledge
If I have a question, Rose has the answer. To the T! ❤️
Quite helpful. Thank You!
Hello Rose,
Thank you very much for your channel, very helpful. I was hoping you could add your 2 cents on Backdoor Roths, are they worth the hassle?
Hey Rose! Really appreciate the great high quality content you're putting out! Just wanted your thoughts on the Schwab Intelligent Portfolio for the Roth IRA. I was initially drawn to it because of the zero management fees. But your info on the target date funds sounds exactly like the type of thing I'd be interested in. Am I a sucker for staying with Schwab, is it difficult to move my funds elsewhere, or should I just stay put? Thanks again!
Schwab has some low-cost target date funds as well! No need to move around if you like Schwab... it's a pain in the butt to transfer brokerages.
If you are under the age of 50, an S&P500 fund is all you need.
What are thoughts on TD Ameritrade?
@@K_kkk___k_ TD Ameritrade is more of a brokerage house. Though you can by ETF's and Mutual Funds, you may be tempted to buy individual stocks. You are usually better off sticking with the S&P500 than trying to pick individual stocks.
Fidelity my choice as well. Yes, the customer services is excellent
Great Information!!
had to rewind this video a few times, beauty can be really distracting.
Thanks for the great info!
What’s your opinion about Charles Schwab? Thanks Rose!
Yeah I want to know this as well. Just opened one but haven't put anything in. I am trying to understand what kind of fees I might be paying
I might be wrong but Bank Roth ira's don't offer stocks,etfs options to their IRAs where as brokerages do
@@patman4917 This is wrong, for anyone that stumbles across this. Just bought some $TSLA with my ROTH IRA. >_> COMMISION FREE MIND YOU.
Good work!
Hi! Love your videos! I just opened an account with Fidelity, is there anything similar to Betterment's goal-based savings?
Any thoughts about Robinhood or M1 finance? Thx
Thank you for this video! Highly informative, I want to open a Roth IRA …but a little scared… Following you on TH-cam and Instagram.
Thanks so much, your videos are helping me a lot. Not sure if you have a video answering this question, someone please point me toward it if it exists :-) My question is: if I initially set up my Roth IRA and start investing with a robo-advisor (like Stash), and later, once I gain more experience, I decide to move my Roth IRA (and investments) to a different brokerage account where I have more control (like Fidelity), 1) would this be an easy process and 2) would I need to pay fees? Thanks!
thank you for this!!
You're awesome Rose! So, so helpful...truly impressed my dear. Question...in the current crisis and to take advantage of the tax credit...open up a Roth IRA now...or is this not wise? Please...and thank you in advance for any help you can offer. Stay safe of course!
I am also curious to hear Rose's thoughts on this. Is now a good time to open a Roth IRA since things are cheaper/lower due to the crisis?
Get my FREE DOWNLOAD: ROTH IRA INVESTING STARTER KIT
(The Ultimate Guide to Becoming a Tax-Free Millionaire)
bit.ly/rothIRAstarterkit
Thank you Rose !!
Rose(or anyone else who may happen to see this and have suggestions),
I went to Fidelity to setup a Roth IRA. I am not at the step to start investing yet. I still have debts I am paying off, and I have to get an emergency fund built up, but I wanted to walk through the process to try and understand how to invest a Roth IRA into Index Funds exactly. I think I see now how I would go about that. However, during the process it gave me two Core Position options to hold my Roth IRA in, which were Fidelity Government Money Markey Fund (SPAXX) or FDIC Insured Deposit Sweep Program (FDIC). It said in small print that I may have other options become available after opening, but which one should I choose upon opening my account?
Great Vid Rose! Thank you! You're the best!!!
Wow, anyone else catch the 44 subs in that intro? 2 years later and you're basically at 400,000. That's Bitcoin growth right there :)
Great vlog
Thanks for all of the great information Rose. New subscriber here. I’ve taken your advice and opened my ROTH IRA. It’s also funded with the yearly max, however I haven’t done my asset allocation yet. Since the market has plummeted (today in real time 2/24/20), is this a good time to jump in? I’ve always heard to buy low.
Don’t ever leave the market, corrections happen, it’ll work out. Never panic sell!
Invest in an S&P500 and don't worry about it until you are 50 years old.
Fidelity also offer to buy Fractional share....FAN of FIDELITY !!
Rose, I'm really surprised you didn't mention Charles Schwab in top 5. It's certainly up there....
+1. They're also fantastic answering questions and walking you through anything you need.
Rose, Charles Schwab, is much better than Fidelity as I have used both extensively!
They probably didn't pay her for this video.....lol.
Schwab funds have like a $3,000 min investment, not good for smaller retail investors
@@HurricaneTrist I don't know what you're talking about... I have Schwab and there's no min investment.....
what are your thoughts on wealthfront?
Thanks hun.🙏🏽❤️
Thank you !! Subscribed & followed on Instagram
This is eye opening
If you start off with acorns then want to move to fidelity how do you do that?
Hi Rose, can you also do a review on sofi ira roth?
BEAUTIFUL thank you
you're very welcome!
Anyone else here, bc your job layoff and need to transfer your Roth IRA and 401k from the company before the deadline of 11/30? I'm researching my options, bc I don't want Prudential to automatically transfer it to their company. I don't know a thing about investing, but here I am to learn. Thank you for your videos!!!
What’s the best bonds and where
I'm 70, living on Social Security, and Veteran widow benefits and have a mortgage. I'm comfortable enough to invest a little to leave my family, maybe up to $100 a month. Wish this info had been around when I was younger!!! My son has retirement and pension at his job but no 401k. He wants to start investing also. I told him to watch your video.
Hi Rose, can u do a video in state run retirement plans, such as the CalSavers in California?
contact me on whatsapp at +18026840782 for more information on this . also you’ll get the right signals to maximize your profits and get 100% returns on your investments
Fidelity Investments ♡
Thank you !
Im 20, just opened one, just three two index funds and bond, VTSAX, VFIAX, VBTLX.
Hey rose,
Do you use more than one of these? Would it be wise to do so?
This is really helpful however, I am based in the UK and I don't think I can access Acorns or Stash which is a real shame. Wondering how to get around this?
Very helpful info!! However I would suggest adding more visuals like listing bullet points on the side as you speak :)