The secrets of the wealthy are not beyond your understanding or your grasp, in most case they’re just beyond your knowledge. Most of us just aren’t aware of the little tidbits of information that could make you wealthy over time. One of those imperative tidbits is a Roth IRA.
IRA stands for Individual Retirement Account and the Roth part means that taxes are already paid on the money contributed to that account. If you are under the age of 50 you can contribute up to $6,000 a year and if you are over the age of 50 you can contribute up to $7,000 a year. The beauty of a Roth IRA is that the money placed in this account can grow completely tax free with an average 7% return.
Does this seem a bit tricky? It’s not. Watch the video above from Graham Stephan where he explains this vital retirement account in a strong 11 minutes – that’s it and it could be the 11 minutes that turns you into a millionaire over time.