Invest your IRA

24 May 2024 · 1 min

Watch on YouTube

1:01

In this concise video, Jerry Taylor explains that having an IRA—whether traditional or Roth—is already a financial advantage, but many owners overlook the need to actually invest the funds. He emphasizes that an IRA does not generate interest on its own and recommends a straightforward strategy for beginners: investing the IRA balance in a low‑cost S&P 500 exchange‑traded fund such as VOO or SPY. Taylor cites the S&P 500’s historical average return of about 10% per year since the 1920s to illustrate the potential growth. He then provides practical guidance on how to allocate the IRA money by using the IRA provider’s website (e.g., Vanguard) and following their step‑by‑step instructions. Finally, he directs viewers to his Linktree for additional resources.

Chapters

If you have an IRA, whether it's a traditional IRA or a Roth IRA, you're doing better than most. But many people do not realize that they need to invest the money they have in their IRA. It doesn't earn interest by itself. And if you're a beginner, one of the best strategies for investing your IRA is just to invest in an S&P 500 ETF. That's an exchange-traded fund. The most popular ones are VOO or SPY, the SPY fund. And if you don't know, the S&P 500 is just the top 500 companies in the United States. And since the '20s, it's been earning an average of 10% per year. That's pretty good. To actually invest the money that is in your IRA, go to the website of the company that has your IRA, maybe Vanguard or some other group, and they will have instructions walking you right through how to invest the money in your IRA. And investing in an S&P 500 ETF is a very easy and effective way to make your money work for you. Go to my Linktree for my new