ROTH IRA — Why NOW is the perfect time to start one!
This is a 100 year view of the Dow Jones Industrial Average. As you can see from the chart (below), depending on your point of view, from 1928 to now, we’ve had about 3–4 periods of steep decline in the stock market. The other thing that you’ll notice is that after each decline, there has always been a recovery period — and in the long term, the stock market has always gone higher, than it was before.
Now with this pandemic, we are currently in a decline period in the stock market, but if you believe in the past track record of the market, then this point gives you a great opportunity to start an investment position and watch it grow as we approach the next few years of recovery. And one of the best ways to invest in the market is to open up a ROTH IRA.
So in this article, I’ll talk about all of the details of a ROTH IRA and explain why it can be one of the smartest financial vehicles to utilize in your investment and retirement strategy.
