12 min

About The 5-Year Roth IRA Rul‪e‬ Consider This Program

    • Investing

If you have earned income and it’s not too high, you can put in $7,000 as a contribution. You will pay taxes on this money. However, you will not pay taxes on the growth of this money. You will always have access to your contribution once you’ve made the first deposit. Also, you should never pull the money out unless it’s an emergency. Once you open the Roth IRA, a clock starts to tick. The 5-year clock gives you access to contributions without any penalty, and you will have access to the amount of earnings in there without any penalty. The clock will start on January 1st of the year you make the deposit. When you think about the Roth, you can think about tax breaks.
 
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
 
We would love to answer your questions on air!
Call Angi at (800) 928-4001 or send them to TalkToFEG@yourlifeafterwork.com

If you have earned income and it’s not too high, you can put in $7,000 as a contribution. You will pay taxes on this money. However, you will not pay taxes on the growth of this money. You will always have access to your contribution once you’ve made the first deposit. Also, you should never pull the money out unless it’s an emergency. Once you open the Roth IRA, a clock starts to tick. The 5-year clock gives you access to contributions without any penalty, and you will have access to the amount of earnings in there without any penalty. The clock will start on January 1st of the year you make the deposit. When you think about the Roth, you can think about tax breaks.
 
Connect with Financial Enhancement Group:
Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup
Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits
Visit our website at www.yourlifeafterwork.com
 
We would love to answer your questions on air!
Call Angi at (800) 928-4001 or send them to TalkToFEG@yourlifeafterwork.com

12 min

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