how to actually open a roth ira β€” the full on-screen walkthrough πŸ“ˆ πŸŽ₯ @calltoleap (TikTok) #rothira #investing #personalfinance

Open & Fund a Roth IRA (Full Walkthrough)

The whole flow on screen, start to finish. Educational only β€” not financial advice. By Steve Chen (@calltoleap), former school teacher.

Money

Steps

  1. 1

    Pick a brokerage (he uses Fidelity) and open a Roth IRA account

  2. 2

    Log in and link your bank

  3. 3

    Check this year's contribution limit ($7,000 under age 50) and the income requirements

  4. 4

    Transfer your contribution

  5. 5

    Actually invest the money β€” he buys a low-cost S&P 500 ETF (SPLG). Depositing isn't investing

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