1819: How To Open An IRA by The Finance Twins on Retirement Savings Accounts

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

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🗓️ 3 March 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Finance Twins tell you how to open an IRA Episode 1819: How To Open An IRA by The Finance Twins on Retirement Savings Accounts Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/how-to-open-an-ira/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:59.4	questions. This is Optimal Finance Daily episode 1819, How to Open an IRA by The Finance Twins
1:08.2	of Thefinancetwins.com. And I'm your host and personal finance enthusiast, Diana Maryam.
1:14.7	We're going to get right to it and continue optimizing your life.
1:22.3	Why How To Open an IRA by The Finance Twins of TheFinanceTwins.com
1:29.4	An IRA or individual retirement account is simply an account you use to invest your money
1:35.9	for retirement.
1:37.6	The beautiful thing about an IRA is that they offer tax benefits, so it's the perfect
1:43.9	place to start investing, especially if your employer doesn't have a 401k plan.
1:50.3	Knowing how to open an IRA can seem daunting, but we're here to show you it's actually really
1:56.2	simple.
1:57.5	There are two basic flavors of IRA accounts, traditional IRAs and Roth IRAs.
2:05.4	Step 1 to open an IRA.
2:08.2	Decide where to open your IRA account.
2:11.5	We love both Vanguard and Fidelity.
2:14.8	In fact, Camillo has his Roth IRA at Fidelity, while Francisco has his at Vanguard.
2:21.9	We love both companies for several reasons.
2:25.3	First, they offer great low fee index funds.
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