Roth IRA opening steps explainedfrom @raitryna

Transcript

Wanna be a guaranteed millionaire, you need to do one thing and that is open up a Roth IRA. That is a free investment account that allows your money to good tax free rank it just got a whole lot better for 2026 because they increase the limits. If you're under 50, you can put up to $7,500 a year, which means more money invested, which means more money for you later down the line tax free. So if you do one thing for yourself this year, open up a Roth IRA by following these steps. Step one is to choose a trusted brokerage. You could choose any of them, Charles Schwab, Vanguard, Fidelity, Tier Trade. Just pick one and create a free account with your email. Once you've made a free account, you move on to step two, which is clicking the better, create a Roth IRA. After you've created the Roth IRA, you're going to link your bank account. So go into your banking app or website and look for your accounting and routing numbers, then you're going to copy and paste those numbers directly into the brokerage account. Once your bank account is linked, you can start transferring funds and there's a few ways to go about it. You can max it out all in one no, transfer $7,500 and max max out your IRA for the year. Or you could do monthly reoccurring transfer, so $625 a month. Or you could just do it manually. If you have an extra $200 this week, you can then go ahead and transfer those funds. But two things to keep in mind, it takes a couple days for the funds to transfer. And the number 02/2025 is about to end, so you have till the end of the year to max out this year's Roth IRA. And as soon as your funds are available, you're going to pick an investment. So you're going to search for the ticker. You could do individual stocks like Amazon, Meta, or Nvidia, or you could do like me. I like Yes, VOO, QQQ. You're going to search it, pick the amount that you want and then purchase. And once that's complete, you worse going to sit bad, watch your money grow and live your best life.