Few things are more boring than investing for retirement.

You're taking money that you could spend today, and putting it into an account that you can't touch for 30+ years..

🥱😴

However.. it's a necessity.

Unless you plan on working forever, you'll have to invest at least a little bit of money throughout your life.

Now, there are so many different kinds of investment accounts out there which is why today, we're only focusing on one of them:

The Roth IRA​

Why the Roth?

Because it's one of the easiest accounts to open and it's also one of the most impactful.

A Roth IRA lets you invest money that has already been taxed and once you reach age 59 1/2, you can have that money completely tax free.​

For example: If you put in $500 to a Roth IRA today and it grew to $1 million, you could withdraw that entire $1 million and not have to pay taxes on any of it.

Pretty cool, right?

Okay.. maybe it's not "cool", but it's impactful.​If you haven't opened a Roth IRA yet, these are a few places I recommend:​

TD Ameritrade

Fees: $0 per trade, individual investment fees vary

Account minimums: $0

Where to open: tdameritrade.com/account-types/retirement​​

Vanguard

Fees: $0, individual investment fees vary

Account minimums: $0

Where to open: investor.vanguard.com/ira​​

Ellevest

Fees: $1-9/month

Account minimums: $0

Where to open: ellevest.com/investing​​

Fidelity

Fees: $0, individual investment fees vary

Account minimums: $0

Where to open: fidelity.com/retirement-ira/overview​​

Betterment

Fees: .25% AUM (read more about investment fees)Account minimums: $0

Where to open: betterment.com/ira-and-401k/​​

Altruist

Fees: $0, varies by advisor

Account minimums: $0

Where to open: Only available through registered investment advisors, like AllStreet Wealth​

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​Things to keep in mind with Roth IRAs

• Annual contribution limits for a Roth IRA: $6,000
• Income limits for contributing to a Roth IRA: $140,000 for singles and $208,000 for married filing jointly
• It is possible to contribute to a Roth if your income is over these limits through the "backdoor" Roth IRA strategy

Also read: How to Open a Roth IRA​​