How This Certified Financial Planner Used His Roth IRA to Turn $11,000 into $270,000 [100% Tax-Free] Watch the video to find out how you can use a Roth IRA.

By Jeff Rose

Opinions expressed by Entrepreneur contributors are their own.

Certified financial planner Jeff Rose turned $11,000 into $270,000, but his profits could have been a lot better if he didn't make a simple mistake. This refresher on the Roth IRA can share where Rose is investing and how you can avoid his mistakes.

  • Who is the Roth IRA for [02:45]?
  • How much you can contribute [03:34]?
  • Where did Rose open his Roth IRA [04:33]?
  • What is the current value of his investments [05:59]?
  • What are the income limits [07:11]?
  • What was Rose's big mistake [12:17]?
  • What did he decide to buy [15:38]?

To learn more about the Roth IRA and how to invest, watch the full video.

Related: This Certified Financial Planner Explains How to Invest $10,000

Jeff Rose

Certified Financial Planner, Author and Blogger

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger.  He's best know for his blog GoodFinancialCents.com and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future.  He's also the editor of LifeInsurancebyJeff.com. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is help future generations achieve financial freedom by developing strong money habits and unleashing their entrepreneurial spirit.   

More from Jeff Rose

This Certified Financial Planner Explains How to Invest $10,000

How I'm Picking the Best Stocks Right Now

Michael Jordan's Top 7 Rules for Success

Editor's Pick

Related Topics

Leadership

3 Ways Business Leaders Can Balance Company Needs and Employee Satisfaction

Why it's critical to find a balance between organizational needs and employee satisfaction.

Business News

Woman Accidentally Tipped $7,000 on Subway Sandwich — And Had to Fight the Bank to Get Her Money Back

Vera Conner thought she was being prompted to enter her phone number on the Subway pay screen — but she quickly realized she made a grave mistake.

Leadership

The 5 Bad Habits of High-Achieving Entrepreneurs

What got you initial traction and success may be what leads you to chronic stress, overwhelm and burnout as your business grows. Watch out for these five warning signs.

Side Hustle

4 Super Simple Side Hustles That Could Replace Your Regular Wage — Fast

Picking up an extra gig can help you pay the bills, save for retirement and more.

Starting a Business

Success Starts When You Let Go of These Entrepreneurial Myths

Whether you're preparing to launch your first business or you've been an entrepreneur for a while, don't fall for the following founder fables.