It’s a good day when we have a Good Financial Cents subscriber that is interested in ‘tax free money.’

 

That tells me you are listening and ready to take charge of your life.

 

Today’s question comes from Aaron:

 

“I am 28 years old and I keep hearing how much you love the Roth IRA. I am finally ready to get one but I am not sure which will give me the highest return - should I go with a bank or one of those online brokers?”

 

I would like to point out that a Roth IRA is not an investment, rather it is an investment tool.  You are not buying a Roth IRA, you are opening a Roth IRA account and putting investments into that account.

04:27 Take advantage of those tax free benefits 05:30 Bank or Online broker 07:04 Avoid these types of investments 11:57 Best investments to add to your Roth 14:15 The Blended Approach 18:09 Diversified Stock Approach 19:43 The paycheck stock method 22:24 Get Techie Method 25:23 Buy it like Buffet 26:14 Real Estate in your Roth 28:30 Adding cryptocurrency to your Roth

Resources:

https://wealthhackerlabs.com/ask/

 

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