Uploaded December 2025 | Updated September 2026, 1 day ago
In this video, Dustin explains the three most common Roth IRA mistakes he sees every year: over-contributing, withdrawing earnings too early, and investing too conservatively. Dustin breaks down how the 6% penalty works, how to fix an excess contribution before the deadline, how the five-year rule works, and why your Roth IRA should often be the most aggressive account in your retirement plan.
0:00 – Intro: Common Roth IRA Mistakes
0:31 – Mistake #1: Excess Contributions Happen
1:10 – How to Fix an Excess Contribution
1:44 – Form 5498 & Proof of Correction
2:21 – Requesting IRS Penalty Forgiveness
2:37 – Mistake #2: Withdrawing Too Early
2:58 – Contributions vs Earnings — Key Difference
3:30 – When Early Withdrawals Trigger Taxes & Penalties
4:29 – Mistake #3: Investing Too Conservatively
5:01 – The Cost of Low Growth in a Tax-Free Account
5:40 – Final Thoughts & Wrap-Up
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
#retirement #retirementplanning #dohstr8
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Jazz Wealth Advisors was recently ranked #36 among financial advisors in the USA by USA Today (Financial Pros) as of April 2025. This ranking was published on 04/22/2025 and was prepared by the Financial Pros without any compensation paid by Jazz Wealth Advisors. The ranking is based on advisors with an AUM of up to $500M. Rankings and recognition from rating services are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance. For more information about the methodology used in this ranking and other important disclosures, please visit USAToday.com. Jazz Wealth Advisors is a registered fiduciary investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.
In this video, Dustin explains the three most common Roth IRA mistakes he sees every year: over-contributing, withdrawing earnings too early, and investing too conservatively. Dustin breaks down how the 6% penalty works, how to fix an excess contribution before the deadline, how the five-year rule works, and why your Roth IRA should often be the most aggressive account in your retirement plan.
0:00 – Intro: Common Roth IRA Mistakes
0:31 – Mistake #1: Excess Contributions Happen
1:10 – How to Fix an Excess Contribution
1:44 – Form 5498 & Proof of Correction
2:21 – Requesting IRS Penalty Forgiveness
2:37 – Mistake #2: Withdrawing Too Early
2:58 – Contributions vs Earnings — Key Difference
3:30 – When Early Withdrawals Trigger Taxes & Penalties
4:29 – Mistake #3: Investing Too Conservatively
5:01 – The Cost of Low Growth in a Tax-Free Account
5:40 – Final Thoughts & Wrap-Up
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
#retirement #retirementplanning #dohstr8
---Ready to subscribe---
youtube.com/jazzwealth?sub_confirmation=1
For more information visit:
jazzwealth.com
--- Instagram @jazzWealth
facebook.com/JazzWealth
--- Twitter @jazzWealth
Business Affairs 📧Support@JazzWealth.com
Jazz Wealth Advisors was recently ranked #36 among financial advisors in the USA by USA Today (Financial Pros) as of April 2025. This ranking was published on 04/22/2025 and was prepared by the Financial Pros without any compensation paid by Jazz Wealth Advisors. The ranking is based on advisors with an AUM of up to $500M. Rankings and recognition from rating services are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance. For more information about the methodology used in this ranking and other important disclosures, please visit USAToday.com. Jazz Wealth Advisors is a registered fiduciary investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.
