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How to Use a Roth IRA Calculator

Krista · March 28, 2021 ·

In this article I’ll walk you through how to use a Roth IRA Calculator while pointing out the benefits of this awesome tool along the way. Let’s dive in.

What is a Roth IRA Calculator?

It’s a tool that helps you estimate what your Roth IRA account balance will be when you retire, based on different factors like how much you plan to contribute to the account over time.

Why Should You Use One?

You can figure out how much to invest in your Roth IRA right now and estimate what the future reward will be when you retire. It’s also incredibly powerful to see how variables like age and yearly contribution amount will impact your returns.

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How to access Roth IRA money penalty free when life gets crazy

Krista · March 13, 2021 ·

Imagine…

You’ve got a checking account where all of your money goes. You want to start saving for the future, so you decide to take $200 out of your monthly income and put it in a long-term investment account (Roth IRA).

You set everything set up so that the $200 automatically gets moved from your checking account to your Roth IRA every month, and after a few months you forget about it. You don’t even miss that $200 a month anymore.

“Would I really forget about it?”

Yes, yes you would.

Fast forward 5 years…

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Roth IRA: Best Way For Young Investors to Crush It

Krista · March 8, 2021 ·

Do you want to start investing but you aren’t sure what to do first? Open a Roth IRA!

There’s a ton of investing advice out there, and your investment strategy really depends on your goals. As a young investor, a Roth IRA is the best investment account to start RIGHT NOW to jump start your investment strategy and maximize your earning potential.

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