Getting Familiar with the Roth IRA



It is absolutely never too early (or late) to start thinking about saving for your retirement, and frankly, smart financial habits, in general, aren’t as common as they should be in today’s crazy world. To extend a helping hand, we figured we’d introduce you to what we consider to be an incredible opportunity - the Roth Individual Retirement Account (IRA).


Here are some key points to help you understand exactly how it works:


What is it?


A Roth IRA is a type of retirement account that you can open individually. There are no tax deductions for Roth IRA contributions, and because all of the money you put in a Roth IRA is your own, you’re allowed to withdraw it whenever you need to both tax and penalty-free. Keep in mind though, this does not apply to whatever earnings you may have made on those contributions.


What does it do?


Putting your savings in a Roth IRA, like the kind Finhabits offers, gives your money a chance to grow over time. The longer you leave it there, the better chance it has to earn you more money because we invest your contributions in the stock and bond markets for you. Think of it this way: your investment is like a snowball rolling down a hill - the further up the hill you start rolling, the bigger it will be by the time it reaches the bottom, and the best part about the Roth IRA is that you won’t pay any taxes as the snowball grows! The reality is that you don’t have to do much work along the way, but it’s up to you to give it the first push.


How can Finhabits help?


By opening a Roth IRA with Finhabits, we’ll invest your savings for you in a personalized, diversified portfolio that will help grow your hard-earned money over time.

Finhabits makes it easy to start a Roth IRA in just 10 minutes. Our mission is to help everyone get into the smart habit of investing for the future, especially those without an employer-offered 401(k), so you can forget about complex paperwork and expensive fees. And don’t worry if you don’t have much experience investing, our app is designed with everyone in mind!

To open an IRA account, visit Finhabits.com or download the app from the App Store or Google Play.


The Finhabits app makes investing in your future an easy habit. Put your money to grow over time while you save - it's all automated, and in just 10 minutes, you can open Roth or Traditional IRAs as well as regular investment accounts. It’s that simple.



Finhabits does not provide tax advice. Please contact your tax professional for any questions regarding your taxes.


Disclaimer:


This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The information and opinions contained in this post are derived from proprietary and nonproprietary sources deemed by Finhabits to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Finhabits, its officers, employees or agents. This post may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this post is at the sole discretion of the reader.

Invest in your future!

Or call us at 1-800-492-1175 to speak to a team member.

1-800-492-1175          support@finhabits.com 

Investment advisory services offered through Finhabits Advisors LLC, an SEC registered investment advisor. Registration does not imply a certain level of skill or training. Past performance is no guarantee of future results or returns. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in loss. All information herein as well as any communications on social media is not an offer, solicitation of an offer, or advice to buy or sell securities or services. Securities offered through Apex Clearing Corporation, Member FINRA, SIPC. Securities in your account are protected up to $500,000. See SIPC.org for more details. By using this website, you hereby consent to our Terms of Use and Privacy Policy. A person shall only become a client of Finhabits when he or she has signed the advisory agreement and acknowledged receiving all disclosures from Finhabits. Exchange Traded Funds are provided by Vanguard and iShares, registered trademarks of The Vanguard Group Inc. and BlackRock Inc.

Insurance services offered through Finhabits Insurance Services LLC, a licensed producer in the following states: California (license 6001946), Texas (license 2510873) and Florida (license L109638). All information herein as well as any communication on social media is neither an offer to sell insurance nor an advertisement of insurance in any place except the states California, Texas and Florida. Finhabits Advisors LLC is not a fiduciary to insurance products or services.