Do not open a Roth IRA until you know these three rules
One
Overcontribute and you trigger a 6 percent penalty
Every year it sits there
Withdraw the excess before tax day
Two
You can pull contributions anytime
But not earnings
You need to be 59.5
And meet the five year rule
Three
Opening the account is not enough
You have to invest inside it
Cash just sits
Index funds grow
Structure without execution
Is just paperwork
