Your Roth IRA Conversion Report Charles Schwab Form

Instructions and help about Your Roth IRA Conversion Report Charles Schwab

i think at this point most people know that saving for retirement is a good idea but there are so many options out there that it can feel too overwhelming to even start in this video we'll talk about one of the easiest and best ways to save for retirement by using a roth ira we'll also walk through step by step how to open and invest in a roth ira at charles schwab which is a fairly popular brokerage the really important thing to understand about iras and other retirement accounts is that the accounts themselves are not investments they are just vehicles for investment so when you contribute money to a retirement account like a roth ira if you contribute and do nothing else that money is basically like cash sitting in a bank account it won't grow it won't have exposure to the stock market until you identify specific investments like stocks or mutual funds that you want to invest in that's why it's important to understand not only how to contribute to a roth ira but also how to invest t