05/28/2026
I saw a post from a licensed financial advisor talking about starting a Roth IRA young because you put the money in post-tax (so you already paid taxes on it), it grows tax-free and then when you make withdrawals after 59 1/2 (as long as you have held it for 5 years) then it is tax-free money. Several commentors were saying how it isn't tax free, it is counted as income, and blah blah blah.
It's so frustrating as a financial advisor to see people on social media platforms posting FALSE information about ways to invest money. As an advisor, I am held to a very high standard about what I am allowed to post and not post, every one of my posts and videos must go through compliance first and the SEC/FINRA/IRS has very strict rules about how we give information to the general public.
So my PSA today - be careful who you are taking advice from on the internet! So many people have NO IDEA what they are talking about when it comes to investing. You can check to see if they have a license and for what for free on https://brokercheck.finra.org/
Do your due diligence, please!
