Why Every Coach Should Open a Roth IRA

(It’s not flashy—but it wins the long game)

Author

Mike Klinzing
August 06, 2025

In partnership with

Hey Coach,

Want to Win Retirement Like You Win Games?
You don’t need a finance degree to build wealth.
But you do need a playbook—and the Roth IRA is one of the smartest plays you can run.

Let’s break it down so you can make a move this week.

💡 What’s a Roth IRA?

A Roth IRA is a retirement account that lets you:

  • 💰 Invest money that’s already been taxed (after-tax contributions)

  • 🚫 Never pay taxes on your gains (qualified withdrawals are tax-free!)

  • 🧘‍♂️ Control your money (not tied to a school or employer)

🏆 Why Coaches Love Roth IRAs

✅ Tax-free growth
Invest now, and your money grows—untaxed—forever.

✅ Flexible use
You can withdraw your contributions (not earnings) anytime, penalty-free.

✅ You’re in control
This isn’t tied to your school district, coaching contract, or retirement system.

✅ Perfect for young or part-time coaches
Got a side hustle, summer camps, or lower-income years? That’s Roth time.

📈 How It Works

  1. Open a Roth IRA through a trusted platform (Fidelity, Vanguard, Schwab, etc.)

  2. Fund it with after-tax money—up to $7,000/year (or $8,000 if you're 50+)

  3. Invest that money in index funds or ETFs

  4. Let time + compound interest work their magic

🚨 Roth IRA Rules (Know These)

  • You must have earned income (salary, camp pay, etc.)

  • Income limits apply—if you make too much, you may need a backdoor Roth

  • No required withdrawals at age 73 (unlike traditional IRAs)

💥 Why This Matters

Most coaches focus on today.
Roth IRAs reward the ones thinking about tomorrow.

Every dollar you put in now could become tax-free income later.
Imagine $200/month turning into $300,000+.
And Uncle Sam gets none of it. 💸

📝 Coach’s Challenge This Week:

Open a Roth IRA.
Fund it—even if it’s just $50.
Set up auto-contributions and forget it.
📈 This is your long game. Start now.

Subscribe. Share. Coach Smarter.
Know another coach who hasn’t opened a Roth IRA?
Forward this and say: "It’s time."

See you next week,
Coach Mike Klinzing
Founder, Wealth4Coaches
"Coach smarter. Save better. Live freer."

 

#Wealth4Coaches #CoachMoney #CoachSmarter

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