4 Roth IRA Mistakes You Don't Want to Make
If you have earned income from a job or other paid work, opening a Roth IRA is one of the more effective strategies for securing long-run financial freedom. Money deposited to a Roth IRA has already been taxed, which means you'll enjoy tax-free growth and earnings up to and through retirement. Since the Roth offers you a limited amount of tax-exempt space, you'll want to avoid making any of the common mistakes.
Here, we'll review four of the more common Roth IRA mistakes and offer guidance on how to avoid them.
You can't invest in a Roth IRA if you don't have one. Most online brokerage services like Vanguard, Fidelity, and Schwab offer zero-cost Roth IRAs that can be opened in a matter of minutes. If you have questions during the account-opening process, help is also available for free by calling any of their customer service centers.
Source Fool.com
