Ep. 197 - [Warning] Don't Lose ALL YOUR Money in a Roth IRA

The Good Financial Cents Show w/ Jeff Rose, CFP®

The Roth IRA is a great way to save for retirement, but it can also be risky if you don't know what you're doing.

In this podcast, we'll explore the different ways you can lose money in a Roth IRA and how to avoid them.

We'll discuss the risks associated with taking out early withdrawals, overfunding your account, and investing in high-risk but also high-yield investments.

We'll also look at strategies you can use to protect your investments and make sure your Roth IRA works for you.

Don't miss out on this essential advice on how to manage a Roth IRA without putting your retirement savings at risk!

Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com.

Resources:

• Roth IRA rules for 2023
• Best Investments for a Roth IRA
• Roth IRA Tax Deductions - Can you write off losses?
• How to Open a Roth IRA - Best Options

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