![]() ![]() That’s the worst thing you can do because all you’re doing is locking in your losses. Market chaos, inflation, your future-work with a pro to navigate this stuff.Īnd listen, if the market has a bad day, don’t panic and take all your money out of the investments in your Roth IRA. That way, you’ll balance and diversify your portfolio between higher-risk investments and more steady and predictable ones. There’s always an element of risk when you invest, but you can minimize your risk by spreading out your investments evenly across four different types of growth stock mutual funds: growth and income, growth, aggressive growth, and international. That means there’s no need to put off investing, people! Once you’re out of debt with a fully funded emergency fund, you can dive right in and start investing 15% of your income for retirement. Most mutual fund companies require an account minimum to open one, but you can start a Roth IRA with as little as $50 in most cases. ![]() In fact, the IRS doesn’t require a minimum amount to open a Roth IRA. The great thing about Roth IRAs is that you don’t need to invest a ton of money to open an account. How Much Money Do You Need to Start a Roth IRA?
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