A common misconception about investing in Roth accounts is that they are only for young people who have decades until retirement. This advice is just plain wrong!
In today’s video, I’m showing you why a Roth is still worthy of consideration if you are over 50…even if you make too much money to contribute to a Roth IRA!
Key Takeaways
- How the Roth 401k allows you to contribute up to $25,000 if you’re over 50 – regardless of your income!
- The advice about Roth accounts that you SHOULDN’T listen to.
- Why it’s likely that your Roth still has decades to continue to grow, even if you’re really close to retirement.
Click here to watch the full video.
Video Summary
Don’t listen to anyone that tells you that you should forgo the Roth because you are close to retirement. It’s bad advice. Hopefully after watching this video, you’ll understand what you need to know about Roth accounts and what you need to know in order to make a good decision about whether you should contribute to a Roth 401k or a Roth IRA…Especially if you are close to retirement and over 50!
