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How a ROTH IRA Works

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Part of the video series: Personal Investment & Loan Tips

How Does an IRA Work?
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How a ROTH IRA Works
ROTH IRAs are individual retirement accounts that are designed to help Americans retire with enough money … More
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IRA accounts are invested but they are invested in low risk mutual funds that, over time, acquire large re… More
IRA Distribution Penalties
IRA distribution penalties for withdrawing IRA funds before the proper age include having the amount withd… More
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Borrowing money from a ROTH IRA incurs penalties paid to the government. Decide if borrowing from a ROTH I… More

Summary: ROTH IRAs are individual retirement accounts that are designed to help Americans retire with enough money to live. Discover how a ROTH IRA works and how it accrues money over time in this free video from an experienced financial adviser.

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By Patrick Munro
eHow Presenter

Contact: www.northstarnavigator.com

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

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Video Transcript

"This is financial adviser, Patrick Munro, talking about the complex world of IRA's. Actually, IRA's can be complex, and the tax law that surrounds them, certainly is complex, but as a working individual, it's important for you to know the basics, and you can get by with that. It allows you, an IRA, to save money in the taxation year that you're facing, as a working American. You can place money in up to a limit, and receive a tax deduction based on the amount of money, that you place into that investment. This is a good course of action, because, your working life you earn many, many dollars, over a million dollars, for the typical worker, but we have a very poor savings rate, the individual savings rate in America, so this is mandatory required savings, if you take advantage of it, and your benefit long term, in your retiring older years, is that there will be a nest egg, as it's called, for you to draw on for income, when you don't have any income, because you've retired from your job. This is Patrick Munro, talking about the benefits of an IRA."

eHow Article: How a ROTH IRA Works