If you open a Roth IRA at 18 and invest $100/week into an S&P 500 index fund until you’re 40, you should have $500,000 tax-free. You’ll only spend $100,000 of your own cash and the gains are due to compounding returns. This is the power of time.

by
Sharing is Caring!

by TonyLiberty

If you open a Roth IRA at 18 and invest $100/week into an S&P 500 index fund until you’re 40, you should have $500,000 tax-free. You’ll only spend $100,000 of your own cash and the gains are due to compounding returns. This is the power of time.

See also  At an average annual inflation rate of 4%, our purchasing power would decrease by over 45% over the next 15 years.
See also  Multiple "Just Stop Oil" criminals sentenced to years of jail time.

 

Views: 58

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.