11 Mistakes to Avoid with Your Roth IRA

2. Not Working with a Financial Planner

Opening and managing a Roth IRA isn’t that simple. There are many investments, tax strategies, and timings of your contributions that can impact your account and even its tax-free status. This can cause additional taxes and penalties, which is why it’s the one major mistake to avoid with your Roth IRA. A certified financial planner can help individuals set up and maintain a Roth IRA to the best of its potential. They can also help individuals avoid costly financial mistakes.