How To Invest with a Roth IRA 2023 [FULL TUTORIAL]

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Published 2021-05-12
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In this video, I am taking you step by step through how to open up a Roth IRA retirement account and start investing for beginners. A Roth IRA can be one of the smartest tax advantaged accounts to use, and I'll give you actionable steps to get started today! This video will be life-changing if you implement the steps I go through.

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If you want to retire a millionaire, investing can definitely help get you there. Though past performance doesn't equate to future performance, any seasoned investor knows that the stock market has provided a lot of wealth for those who put their money into it in the past. I personally max out my retirement accounts because I love that they have such big tax benefits.

We'll go through what these benefits are, who can open a Roth IRA in 2021, and the income limits. Then, I'll take you through M1 Finance, which is one of my favorite platforms with a stellar Roth IRA account. I'll do a walkthrough of the app and how you can use it. This will be a comprehensive tutorial on how to start a Roth IRA today.

I am not a financial advisor so please take this video for entertainment purposes only - invest at your own risk and do your own due diligence before investing in any stocks! Happy investing and I'm rooting for each and every one of you to build long term wealth.

If you enjoyed the video, please consider liking and subscribing for more videos like this. Also, consider using my links above if you'd like to support the channel. The whole point of this channel is to inspire and educate people to pursue non-traditional sources of income and build wealth. Thank you for watching!

-Charlie

And if you want a FULL beginner's guide (this is a 1 hour long FREE course I made), watch it here:
   • How to Invest In Stocks for Beginners...  

My Investing Strategy For 2021:
   • My Investing Strategy For 2021  

My Journey from $800 to $86,000 per Month [Millennial Entrepreneur]:
   • My Journey from $800 to $86,000 per M...  -Charlie

#RothIRA #Tutorial #StepByStep

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!

In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.

► My Instagram: www.instagram.com/charlie__chang

All Comments (21)
  • @Elizabeth-mh2dj
    Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
  • Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
  • Excellent presentation. Clearly outlining the process. I also really like that you informed investors to select their investments. Otherwise, money just sit there doing nothing. I’ve done that before. 😅
  • @dr.raymond8
    While preparing for retirement, the wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time. I invested through TERESA JENSEN WHITE, same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed
  • @johnl9135
    Well explained, especially the last part where you need to buy shares once you'd putted money into the account which I wasn't sure what I'd to do at first when I'd opened my ROTH IRA w/Fidelity. Now that I see M1 platform looks like it is more easy to navigate than Fidelity.
  • @ciera8281
    thanks Charlie! Gonna get on this ASAP
  • @andyrobles8211
    I just wanna say thank you! You’re vids are so easy to understand. When I learned how to invest and a lot I didn’t know about finance thanks to your videos.
  • @jacobzeller4014
    Great guide on roth ira's thank you! Signing up for M1 finance right now
  • @Wesbour
    Super helpful. Thank you 😊
  • What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?
  • I'm definitely about to do this right now! Thanks for the great information! :)