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‘Wealth Hacker' Jeff Rose: The 6 Best Roth IRAs for Beginners

‘Wealth Hacker' Jeff Rose: The 6 Best Roth IRAs for Beginners

Yahooa day ago
Choosing a Roth IRA can be tough — especially when you're just starting out.
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If you're feeling overwhelmed, Jeff Rose, CFP, founder of Good Financial Cents and the YouTube channel Wealth Hacker wants to help. The financial expert recently posted a posted a video highlighting the best types of Roth IRAs, depending on the factors such as your preferred level of involvement and investment type(s).
Keep reading to find out his top choices, so you can learn more about the Roth IRA options available to you.
If you want to go to a physical location and talk to a real person about your IRA, Charles Schwab is your best option, Rose said in his video. The company has more than 400 branches nationwide, with over 1,200 financial consultants, according to its career website.
He said Charles Schwab also has low fees — or even no fees — and has no minimum deposit requirements. You're also able to invest in a notably wide range of investments, allowing you to create a truly customized portfolio.
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If you don't know much about investing or simply have no desire hand-pick your investments, Betterment is your best choice, Rose said. The company serves as a robo-advisor, meaning your investment is managed with automated technology.
'Basically all you have to do with Betterment is choose your investment goals or your retirement goals,' he said.
Another reason to choose Betterment — Rose said their fees are a fraction of what you'll pay many other firms.
Perhaps you're looking for an IRA that allows you to be involved to an extent. In this case, Rose advised opting for M1 Finance.
'What you get are their investment pies,' he said. 'Essentially, what you're doing here is creating your own investment portfolio.'
An M1 portfolio is literally shown as a pie, with holdings signified by slices. You can then choose from a wide-variety of stocks and ETFs to include in your IRA.
Say you want to invest in real estate with a Roth IRA — your best option is Fundrise, Rose said.
A real estate crowdfunding platform, Fundrise allows you to join forces with other investors to purchase real estate, he said. A Fundrise investor himself, Rose said one of his favorite things about investing with the company is the ability to see the actual properties he buys, any projects in the works and any sales that take place.
Fundrise has a real estate portfolio valued at more than $7 billion, consisting of build-for-rent housing communities, multifamily apartments and industrial assets in the Sunbelt, according to its website.
You read that right — just like with a 401(k) match, it's possible to find an IRA match. For this, Rose said you'll need to go with Robinhood.
'Right now, they are the only Roth IRA account provider that offers a 1% match,' he said.
Worth noting, you can get a 3% match on annual contributions with a Robinhood Gold subscription, which costs $5 per month or $50 per year.
If you just want to let the market work its magic, Rose suggested going with Vanguard). He said they have a variety of options, but the Vanguard Digital Advisor is likely the best choice for beginners.
A robo-advisor, you'll need a minimum of $100 to enroll in the Vanguard Digital Advisor, paying an average of $15 to $16 in annual fees per every $10,000 invested in an all-index, according to the company website.
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This article originally appeared on GOBankingRates.com: 'Wealth Hacker' Jeff Rose: The 6 Best Roth IRAs for Beginners
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The Latest National Park Executive Order Is Going to Make Park Fees More Expensive for Some Tourists—What to Know
The Latest National Park Executive Order Is Going to Make Park Fees More Expensive for Some Tourists—What to Know

Travel + Leisure

time35 minutes ago

  • Travel + Leisure

The Latest National Park Executive Order Is Going to Make Park Fees More Expensive for Some Tourists—What to Know

President Donald Trump signed an executive order on July 3, that will change entry fees, reservation systems, and funding models for the national park system. The new changes will primarily affect international visitors, but there could be implications for all future guests. 'It is the policy of my Administration to preserve these opportunities for American families in future generations by increasing entry fees for foreign tourists, improving affordability for United States residents, and expanding opportunities to enjoy America's splendid national treasures,' the first section of the executive order states. This latest development comes after the Trump administration has already made major changes to the National Parks Service (NPS), including cutting 1,000 employees from the agency in February 2025. The National Parks Conservation Association reports that the parks have lost about 24 percent of its permanent staff, and is about 8,000 employees short for seasonal hiring. With other proposals to cut funding for the agency in 2026 recently considered, the latest executive order suggests major shakeups are still to come. Here's what we know so far. The executive order does not state the exact increase in fees for international tourists or how those entry fee rules will be enforced. Entry fees to national parks vary for each location, according to the NPS database. 'The Secretary of the Interior shall develop a strategy to increase revenue and improve the recreational experience at national parks by appropriately increasing entrance fees and recreation pass fees for nonresidents in areas of the National Park System that charge entrance fees or recreation pass fees,' the executive order states. The executive order also said the price of the America the Beautiful Pass and 'any site-specific or regional multi-entity passes' will be increased for international travelers. The stated goal of these price hikes is to increase revenue for the parks system to assist in conservation, preservation, and infrastructure investments in the park. There is not a clear timeline for when the price increase will become effective or how it will be enforced. Some national parks do not have any entry fee at all. Right now, the executive order can be understood as an official set of directions for Secretary of the Interior Doug Burgum. International travelers can interpret the executive order as future change to anticipate instead of an immediate price to account for. The order also directs Burgum to review access to national parks, including to 'take steps to rescind any that unnecessarily restrict recreation in national parks,' and to 'grant American residents preferential treatment with respect to any remaining recreational access rules, including permitting or lottery rules.' The exact implementation of this component remains to be seen, but it can be interpreted as a move towards removing some reservation systems that popular and busy parks require. For national parks that keep a reservation system in place after this proposed overhaul, American residents will receive priority. In just a single line in the executive order, President Trump revoked the President Memorandum of 2017, called Promoting Diversity and Inclusion in Our National Parks, National Forests, and Other Public Lands and Waters. This means the DEI efforts at the parks will no longer be prioritized (and possibly funded) by the Secretary of Interior and, thus, the NPS. When asked for clarification about timelines and potential increases, the National Parks Service directed Travel + Leisure to Secretary Burgum's tweet about the executive order.

VA walks back plans for mass layoffs but will still lose tens of thousands of jobs
VA walks back plans for mass layoffs but will still lose tens of thousands of jobs

CNN

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  • CNN

VA walks back plans for mass layoffs but will still lose tens of thousands of jobs

The Department of Veterans Affairs announced Monday it is walking back plans for mass layoffs at the agency but says it will still shed tens of thousands of jobs by the end of fiscal year 2025. VA Secretary Doug Collins previously said the agency had the goal of laying off roughly 80,000 employees from a total staff of about 470,000 that was in place this summer, which would have amounted to about 15% of its workforce. The VA is scrapping those plans for now, but it is on pace to reduce the total number of staffers by nearly 30,000, 'through the federal hiring freeze, deferred resignations, retirements and normal attrition,' the agency said in a news release, adding that those cuts will eliminate 'the need for a large-scale reduction-in-force.' Some employees have already departed through those channels. The VA says it had roughly 484,000 total employees on January 1 and 467,000 employees as of June 1 – a reduction of nearly 17,000 workers. It says between now and September 30, 'the department expects nearly 12,000 additional VA employees to exit through normal attrition, voluntary early retirement authority, or the deferred resignation program.' Sources at the agency and on Capitol Hill previously told CNN the first significant round of layoffs was planned to begin this month, with a second round planned to begin in September. On Monday, VA press secretary Peter Kasperowicz told CNN there is no longer a target of 80,000 cuts. As for next year, Kasperowicz said, 'VA is not planning to make any other major changes to staffing levels beyond those outlined in the release.' The release insists the reductions 'do not impact Veteran care or benefits.' 'All mission-critical positions are exempt' from the deferred resignations and voluntary early retirements, the agency said. CNN has previously reported that some staff who handle administration, billing, and running facilities have already left, leaving doctors and nurses to do those jobs on top of practicing medicine, contributing to sagging morale at some VA facilities, a problem that spans multiple administrations. 'A department-wide RIF is off the table, but that doesn't mean we're done improving VA. Our review has resulted in a host of new ideas for better serving Veterans that we will continue to pursue,' Collins said in the statement. A reduction of 30,000 employees constitutes about 6.2% of the VA's workforce, based on 484,000 total VA employees as of January 1, 2025. Some of the harshest Democratic critics in Congress of the previously planned VA layoffs responded to the latest announcement with scorn. 'This announcement makes clear VA is bleeding employees across the board at an unsustainable rate because of the toxic work environment created by this Administration and DOGE's slash and trash policies,' Sen. Richard Blumenthal, the highest ranking Democrat on the Senate Veterans Affairs Committee, said in a statement. 'Make no mistake, this is still a reduction in force—except VA has been able to do it without accountability and transparency to veterans and Congress.' House Veterans Affairs Committee ranking member Mark Takano warned that the new staffing reduction plan would still have major impacts. 'The loss of 30,000 VA employees will be catastrophic, and veterans will suffer,' he said in a statement. 'I hope the Secretary is ready to respond to this inevitable disaster.' Across the aisle, one prominent Senate Republican praised Collins' announcement Monday. Sen. Jerry Moran, chairman of the Senate Veterans Affairs Committee, said in a statement that he had spoken to Collins on Monday morning. Moran said he appreciated the secretary's efforts 'to make certain veterans are at the center of any changes at the VA and ensure the department is focused on providing high-quality health care and benefits to those who have served and their families. This decision provides greater certainty to VA employees and the veterans they serve.'

OPTICAL CABLE CORPORATION AND LIGHTERA, LLC ANNOUNCE STRATEGIC COLLABORATION
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Yahoo

time41 minutes ago

  • Yahoo

OPTICAL CABLE CORPORATION AND LIGHTERA, LLC ANNOUNCE STRATEGIC COLLABORATION

Lightera Makes Investment in OCC ROANOKE, Va. and NORCROSS, Ga., July 7, 2025 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") and Lightera, LLC ("Lightera") today announced the companies have entered into a strategic collaboration agreement to expand product offerings and solutions—especially for the data center and enterprise sectors. As a global leader in optical fiber and connectivity solutions, Lightera has a long history of industry-leading innovation, design and manufacturing capabilities, including high-performance optical fibers. OCC is a leading manufacturer of fiber optic and copper cabling and connectivity solutions and is internationally recognized for its innovative technologies and product designs. As respected manufacturers in the fiber optic industry, OCC and Lightera have partnered in various ways over many years, and this new strategic collaboration agreement builds on a long successful relationship between the two companies. As a result of this strategic collaboration, OCC and Lightera both expect to benefit from opportunities to capitalize on the ability to offer expanded fiber optic and copper cabling and connectivity solutions to the enterprise sector, the data center sector, as well as an expanded presence in other sectors. The companies will combine portions of the extensive product portfolios of both OCC and Lightera to deliver integrated cabling and connectivity solution offerings, which will be sold by OCC. In connection with this strategic collaboration, Lightera has made an investment in OCC, purchasing shares of OCC common stock from the company and Lightera holding 7.24% of the company's outstanding shares. Management Comments: "We recognize the importance of this strategic joint effort with OCC and the potential opportunities it brings to expand Lightera's presence in the data center and enterprise Passive Optical LAN sectors," said Foad Shaikhzadeh, Chairman and Chief Executive Officer of Lightera. "Lightera is delivering a comprehensive, next-generation solution purpose-built for the modern data center—combining advanced edge technology, scalability, and performance. Our long-standing relationship with OCC, grounded in mutual respect and proven product excellence, positions us to jointly serve the growing demands of this critical customer segment. We are confident that OCC's established presence and reputation in key sectors will amplify the impact of our solution, and we look forward to building on this partnership." Neil Wilkin, Chairman, President and Chief Executive Officer of OCC, said, "We are excited about the opportunities this strategic relationship provides to both companies. OCC has successfully worked with Lightera (and its predecessor OFS Fitel, LLC), for decades, and we look forward to the expansion of our valued business partnership, as well as our continued engagement with the Lightera team. Importantly, we are confident that our strategic collaboration with Lightera, and the resulting Lightera-OCC integrated solutions offered, will significantly expand our opportunities in the data center and enterprise sectors, will accelerate OCC sales growth, and will create significant value for OCC and its shareholders." Lightera, LLC – Company Information Lightera is a global leader in optical fiber and connectivity solutions, delivering innovative technologies that drive communication networks, data centers, and specialty photonics applications. With a deep legacy of expertise in optical science, we provide high-performance solutions that enable faster, more reliable, and more sustainable connections for businesses, communities, and industries worldwide. Headquartered in Norcross, Georgia, U.S.A., Lightera operates with a global footprint, serving customers across a wide range of industries—including telecommunications, enterprise, industrial, utilities, medical, aerospace, and defense—as well as advanced technology sectors such as data centers, 5G/6G, generative AI, and sensing. Lightera is part of Furukawa Electric Group, a multi-billion-dollar leader in optical communications. Optical Cable Corporation—Company Information Optical Cable Corporation ("OCC®") is internationally recognized as a leading manufacturer of a broad range of fiber optic cable and copper cabling and connectivity solutions. OCC offers integrated suites of high-performing, high-quality products that function as a complete system or seamlessly integrate with other components. OCC's broad portfolio includes fiber and copper technologies designed to meet the highest industry standards and perform in the most demanding environments ranging from: commercial, enterprise network, data center, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical and broadcast applications, as well as for the wireless carrier market. Founded in 1983, OCC is headquartered in Roanoke, Virginia, U.S.A. with offices, manufacturing and warehouse facilities located in Roanoke, Virginia, near Asheville, North Carolina and near Dallas, Texas. OCC's facilities are ISO 9001:2015 registered. Optical Cable Corporation™, OCC®, Procyon®, Superior Modular Products™, SMP Data Communications™, Applied Optical Systems™, and associated logos are trademarks of Optical Cable Corporation. Further information about OCC® is available at FORWARD-LOOKING INFORMATION This news release by Optical Cable Corporation and its subsidiaries (collectively, "OCC") may contain certain forward-looking information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning our outlook for the future, (ii) statements of belief, anticipation or expectation, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forward-looking information is subject to known and unknown variables, uncertainties, contingencies and risks that may cause actual events or results to differ materially from our expectations, and such known and unknown variables, uncertainties, contingencies and risks may also adversely affect Optical Cable Corporation and its subsidiaries, OCC's future results of operations and future financial condition, and/or the future equity value of OCC. A partial list of such variables, uncertainties, contingencies and risks that could cause or contribute to such differences from our expectations or that could otherwise adversely affect Optical Cable Corporation and its subsidiaries is set forth in Optical Cable Corporation's quarterly and annual reports filed with the Securities and Exchange Commission ("SEC") under the heading "Forward-Looking Information." OCC's quarterly and annual reports are available to the public on the SEC's website at In providing forward-looking information, OCC expressly disclaims any obligation to update this information, whether as a result of new information, future events or otherwise except as required by applicable laws and regulations. OPTICAL CABLE CORPORATION LIGHTERA LLC 5290 Concourse Drive 2000 NE Expressway Roanoke, VA 24019 Norcross, GA 30071 (Nasdaq GM: OCC) AT OCC: AT LIGHTERA: Tracy Smith Sherry Salyer Senior Vice President & CFO Director of Marketing Communications, (540) 265-0690 Marketing / Specialty Solutions investorrelations@ FOR OCC AT JOELE FRANK, WILKINSON BRIMMER KATCHER: Aaron Palash Spencer Hoffman (212) 355-4449 ext. 8603 212) 355-4449 ext. 8928 occ-jfwbk@ occ-jfwbk@ View original content to download multimedia: SOURCE Optical Cable Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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