Fidelity Roth IRA: HOW TO INVEST

Great sweatshirt! Thanks for the info!

Dam so I need to wait for 40 years to get my money back?

Thank you so much for this video. This is exactly what I wanted to know.

So a Roth IRA is basically another website to buy stocks? Or am I just confused ?

finally set up my roth. not too late to max it out for 2022 , so grateful I found this channel in time !

I am planning to open a roth ira i have 6k saved and planning to invest it all. Would it matter if i slowly invest my savings montly up to the year or can i just invest it all at once. Any benefits or drawbacks of the two?

I'm doing the automatic investing on SPY etf in Robinhood $10 a day. Is it possible to set up the same daily investment with Fidelity Roth? Also is Fidelity withdrawal tax free?

Great info!

Thank you Tim. I made a mistake. I opened my Fidelity Roth IRA around 4 years ago. I rolled over from another account at the time, chose FIPFX (not sure what I was doing), and now have around $30k in there. However, it looks like I only put $5500 on FIPFX, and the rest of my money (76% of it) are still in cash (Total Core) 😬 I didn't know I have to choose and invest the rest. It has been sitting there. Yikes!

If I open a brokers account through fidelity, do I automatically have a Roth IRA through them? Or is that a different account that I need to open through them?

Thank you. I am looking for long time how to invest from Roth IRA . This helps👍

thank you so much dude

I like the shirt

How long after you buy trades can you actually set up monthly transfers? How long is the pending period for initial trade purchase for mutual funds?

Thanks for the tutorial video! great info here

Hi! I recently transferred my Roth IRA from American funds to Fidelity but I want to sell my American funds shares so I can buy fidelity ones instead. Is that recommended and how can I go about that? Your video was super helpful on buying thank you!

Very helpful! Thank you

Thank you!!! Ive been trying to figure out how to fund my IRA for the longest time! This helped me so much! Thanks again.

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.

Super helpful and easy to follow along. I'm 24 and just set up my first roth ira!!

Impressive video. I started a bit late (graduated from my doctorate program at age 30 in 2016 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I'm not very knowledgeable with investing, so I have all my capital currently vested in index funds but considering the dollar dumping and current inflation crisis. How optimal would this be beneficial long term?

How long does it take for me to auto-invest from my core position into the mutual funds I own? Because at the moment I am not able to. I can only auto-invest in my core position.

he Tim too many scammers in the comment section. do something about that

Thanks for this video, you just gave me a better idea on what to do with my money I have saved. I currently have 4500 shares of SCHD! My goal is 5k shares

Once you buy do you have to do anything else with that investment?

Hi is there possible direct deposit fidelity Roth IRA account from work company

Warning: stay away from Fidelity. We are leaving Fidelity Investment, as we are disgusted by some of their policies. While Fidelity has good tools, and good investment options, they will make your life miserable - even when you've been a customer for over 10 years - because you decided to sell your home and travel the US full-time. No, the Patriot Act doesn't force banks to do this, see page 480. Disgusting behavior from Fidelity, so we are leaving Fidelity Investment.

Choosing a Roth IRA is advantageous as it uses after-tax funds and allows tax-free growth. When I retired, I had $3M million saved, and I won't be taxed on my withdrawals.

51 years old. I have $295,588.25 in my Fidelity retirement account. I cranked my contributions up to 35% and I do all the investing on my own. Fidelity just holds my ETFs/stocks. I made that change earlier this year. I'm hoping to end the rat race by 60 but it's looking more like 63-ish. I want to have $1.5M and bring in about $60k in dividends each year. Pedal to the floor! Thanks for the video. Great content.

Smaller, speculative stocks have endured a historically weak stretch. Investors are betting that a turnaround is finally in the works. I’ve lost about $320k within a few months, how do i take advantage of the market turnaround?

Is the automatic investment only available for mutual funds ? Not stocks ?

I'm a little confused about what happens if I want to move my money to a new ETF/Stock or temporarily liquefy to cash before re-investing. If I sell, the money goes back into the ROTH IRA account, right? Then, does that count as "withdrawing capital gains or dividends from your Roth IRA"? Or is "withdrawal" only when you actually move it from the "Roth IRA" bucket to another account (eg checking/savings). Afraid of accidentally doing something illegal or taxing myself lol.

PS your videos are great!

How do I sell my my mutual funds in my Roth IRA

Thanks

Tim, easy peasy. Thank you for explaining. I just opened a fidelity Roth IRA. So, just to recap; I need to pick NTF funds because of no fees?

Awesome video! Money talk is starting to not feel like above my head thanks for the video

With a Roth IRA, the money you put in has already been taxed. You can withdraw your contributions tax-free and penalty-free. Plus, any investment earnings can also be withdrawn tax-free and penalty-free. Unsure about liquidating your stock portfolio? It's a big decision. Let's weigh the pros and cons together. I’m still at a crossroad deciding if to split my $300k portfolio btw 401k/IRA .

Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌

The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.

What's the difference between mutual funds and stocks?

This was so helpful! I had been very confused on how to invest my Roth IRA the last few months. Really appreciate you breaking it down in an easy to understand way!

Thank you so much! This is exactly what I needed to get started with my Roth IRA :).

Thanks!

Excellent video, bro. Explained easy and precise to the point 💯

Can you please update the video for 2024 PM thanks

I was advised to diversify my portfolio among several assets such as stocks and bonds since they can protect my portfolio for retirement of about $170k. I need advice: Do I keep contributing to my portfolio in this unstable market or do I look into alternative sectors?

Love the shirt bro

Can you just tell me what to buy with starting balance of 10k