Young Smart Money

How does a Roth IRA work and do you need one? In this video, we're breaking down the core elements of a Roth IRA so that you can quickly and easily evaluate if opening a Roth IRA is right for you.Add me on Instagram - AppleCriderOfficialTONOR Q9 USB Microphone Kit   20% off code: SmartMoney20  Amazon Link: https://www.amazon.com/dp/B07JMYG6LFWebsite Link: https://www.tonormic.com/collections/usb-microphones/products/tonor-q9-usb-microphone-kitA Roth IRA can be one of the most effective retirement accounts for young people looking to become tax-free millionaires. That's because of the numerous tax advantages that Roth IRAs give investors.First, it's important to understand that the money you put into your Roth IRA is money that you have already paid taxes on. This is one of the key differences between a Roth IRA vs. Traditional IRA. With a Traditional IRA, you are saving pre-tax money. With a Roth IRA, you are saving post-tax money.The impact of this is that while with a Traditional IRA you will ha