Optimal investing order. #moneytips #millionaire #wealth
Optimal investing order. Are you making these common Roth IRA mistakes? Avoid costly IRS penalties, maximize tax-free growth, and ensure your retirement savings stay on track. One of the biggest misconceptions is that a Roth IRA is just another savings account. While you can withdraw contributions anytime, dipping into your account too early can stunt your retirement growth. A Roth IRA thrives on compounding—pulling money out too soon means losing years of potential tax-free earnings. If your employer offers a Roth 401(k), you might wonder how it compares to a Roth IRA. The two have key differences, including employer matching, withdrawal rules, and investment options. Choosing the right one (or using both strategically) can make a huge difference in your retirement planning. And then there’s the common belief that opening multiple Roth IRA accounts means you can contribute more—unfortunately, the IRS doesn’t see it that way. Contribution limits apply across all accounts, so spreading your money out doesn’t increase how much you can invest tax-free. Finally, the biggest mistake I see: not understanding what investing is. Chasing hot stocks or risky trends can put your retirement at risk. Instead, focus on proven, steady strategies like low-cost index funds to build lasting wealth. If you’re serious about retirement planning, this video will help you navigate Roth IRA rules while maximizing your returns. Let’s make sure you’re making the most of this powerful investment tool! 📺 Watch next: Opening Vanguard Roth IRA: The BEST Way to Invest in 2025. • Opening Vanguard Roth IRA (Step-by-Step fo... The First $100K Is The Hardest: How I Did It. • How I Made My First 100K | Wealth Building... The First $100K is the Hardest: Wealth Building Made Simple (And How To Retire with $3Million by 59): • The First $100K is the Hardest: Wealth Bui... Lease vs Buy Toyota RAV4: Which option is Best For YOU • Leasing vs Buying a Toyota RAV4 in 2025: W... FREE RESOURCES: 📌 FREE Beginner Investor Guide: https://moneywithanastasia.com/beginn... 📊RETIREMENT SAVINGS CALCULATOR 💰 👉https://moneywithanastasia.com/zero-t... 📊 SIMPLE MONEY PLAN 💰 Ready to take control of your finances? Download the Simple Money Plan to organize your money, figure out your credit card limit, and put your financial life on autopilot. Stop worrying about your finances and start planning for wealth! 💸 👉https://www.moneywithanastasia.com/si... 📈 MARKET INDEXES 📉 Want to read the stock market like a pro? Download this free PDF and get the lowdown on the main market indexes that will help you make smarter investment choices. Take the guesswork out of investing! 🏦 👉https://moneywithanastasia.com/market... 💵 HYSA GUIDE 🚀 Let your money work for you with a High Yield Savings Account! Get step-by-step instructions on how to set one up and discover my personal recommendation—it's the account I've been using for over 10 years! 💯 👉https://moneywithanastasia.com/hysa 🌟 LET'S CONNECT! 🌟 Catch me on Instagram for daily tips, behind-the-scenes, and a peek into my wealth-building journey! 📲 👉 Follow me: @moneywithanastasia Explore more resources and start mastering your money at: 🌐 www.moneywithanastasia.com 📃DISCLAIMER Thank you for watching! The content in this video is for educational and entertainment purposes only and does not constitute financial, investment, or other professional advice. The information provided does not take into account your specific circumstances, including but not limited to your risk tolerance, financial situation, age, or individual goals. All investments involve risk, including the potential loss of the initial deposit. Viewers assume full responsibility for any actions taken based on the information provided. Anastasia is not responsible for any actions taken based on the information provided in this video. Anastasia #recession #millionaire #financialfreedom
