How To Open A Roth IRA

Young Smart Money

English - November 09, 2020 10:30 - 10 minutes - 9.3 MB - ★★★★★ - 227 ratings
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Opening a Roth IRA is hands-down the smartest financial decision a person can make in their 20's. However, the question of how to open a Roth IRA stops many investors in their tracks. By the end of this Fidelity Roth IRA tutorial, you'll have a step-by-step blueprint for exactly how to open a Roth IRA account!

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By opening a Roth IRA at a young age, you can set yourself up for long-term financial success. That's because of the numerous tax advantages that Roth IRAs offer to investors. If you play your cards right, opening a Roth IRA could allow you to pay no taxes on your investments!

But when it comes to how to open a Roth IRA, there are a ton of Roth IRA providers out there to choose from. It's important to think carefully about this choice because not all Roth IRAs are created equal! Some Roth IRA providers will have strict fees and minimums that will eat away at your retirement account. Other IRAs will force you to mail them a check just to make a deposit!

Personally, I opened my Roth IRA with Fidelity because they offer a Roth IRA with no fees or minimums and provide the greatest investment selection out there. In this video, I'll be walking you through exactly how to open a Roth IRA with Fidelity.

Opening a Fidelity Roth IRA is a painless process that takes under 5 minutes and will get you up and running with a retirement account quickly. Compared to many of the other Roth IRA providers out there, Fidelity Roth IRAs come out on top due to the longevity of Fidelity and their history of providing low-cost options for investors.

Feel free to drop a comment with any questions about how to open a Roth IRA that I missed and I'd be happy to help out!

Roth IRA Explained - https://youtu.be/Htc9Sk-XXGk

Roth IRA vs. Traditional IRA - https://youtu.be/gcekCrBAQaI

TIMESTAMPS

00:00 - Intro

00:46 - What is a Roth IRA?

02:32 - What should I look for in a Roth IRA provider?

04:38 - Who are my Roth IRA provider options?

07:31 - How To Open a Roth IRA Step-By-Step With Fidelity

09:27 - Final Thoughts