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Invest In A Roth IRA
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I could generated around 17% annually on my Roth IRA. With low to zero risk.
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If ONLY I was shown this when I was in my 20s…. I'm 36….. I don't see the point anymore.
Im kinda mad i wasn’t taught abt this when i was in hs n college. I was only told the lie of going to college will get you a good paying job. I wasn’t taught anything abt investing, not from my parents n not from the schools i went to. Im 38 now n im abt to open my Roth IRA.
Check and see if your company you work for offers a 401K Roth. If they do, you can have any company match sent to your 401(k) Roth instead of your pre-tax 401(k). Under a 401(k) Roth someone who is below 50 can put in as much as $$24,500 a year someone says 60 or older can put in $32,500 here.. this way you can put more per year into your 401K Roth. which when you retire, you will roll over into a regular Roth, which you need to have set up and hat for five years so that it can become tax-free when you want to spend the money. you would have to pay taxes on your company’s match. Thats going into your 401(k) Roth, but it’s one way of getting a lot of money into your Roth in a short amount of time.
Every time you get paid, the federal government takes out of your paycheck 6.2% for Social Security. If you take out your own 6.2% of your paycheck say somebody making $36,000 a year you’ll be roughly putting in about $175 a month at 10% interest for 40 years is $1.1 million . 10% is the stock market average for many many years?
Slow lane
Look at all this money you get “if” you live that long!!! Nahhh. Take risks. Get rich now
note make sure to spread out withdrawing from your IRA because income taxes are a little bit ridiculous
I've invested in the IRA for while now still waiting for my 6% Returns.
It’s not Roth IRA by itself yet to learn how to invest so your money grows as the highest rate for the longest period of time whether to be Ravi or regular IRA
The thing that get me about IRA, you have to find a etf that get that return. It’s not just putting it in a IRA account.
Wow😮😮😮😅
Contribute where in Roth IRA? I have no idea where to put my money in Roth IRA?
No doubt whatsoever, no disagreement, definitely start on the Roth IRA as soon as you can. These numbers sound great, but of course, $1.8M in 40 years is not going to be what we think it will be, at the way things are going now, and have been for several years. Nevertheless, I wish I started as soon as Roth IRA's were invented.
Old ahhh man enjoying he’s life worked money too late , enjoy life while your young
What about first using that money to pay the taxes for a Roth conversion? That same money becomes a multiplier.
So just put it in and leave it alone ? And grows automatically?
Getting that 8% is the trick…
$100k in my Roth IRA at 28. Super happy I’ve stayed consistent with it!!
Man Thank You For Sharing This Knowledge. WISDOM IS BETTER THAN GOLD
40 years ill be 75. Not gonna lie. I’m not gonna let it sit that long. I will be pull that money out and living my life.
Now with that said I will set up my kids with one and by time they’re 40 they’ll have some serious money
im 28 and im on that right now!
I had a 101k & retired for $12/hr wages
instead of a 401k
I forgot to max out my 2025 contribution by $250 and I'm so angry with myself….
Why am I being convinced that I will even live that long?
isn’t it around $450 max since you can contribute until taxes are do? making it 16 months to an investable calendar year?
Waoo,tnx
I'm rubbing my ass on the carpet
I started investing at 18, putting in $25 monthly plus my Christmas and birthday money. I’m 19 now and have a little over $2,000 total. I plan on contributing this amount until I graduate college, and I should be able to max out from there around 21–22.
Its actually $7,500 now in 2026
8% return – haha. How do you get that?
So retirement in 2056 i will be 73…in 30 yrs. I live in the "good ol us of a" where our leaders swear they can take it with them. I think ive figured out why more & MORE americans are retiring OVERSEAS!!
This is very educational
So powerful!!
This is great content! I love talking about money and personal finance too!
Sadly I didn't know this 40 years ago or had much to invest
28 here. Roth 401k with 5% company match. Let’s ride!
I’m 27 I’m Investing $150 a month into VOO in my ROTH IRA account.
But there's income restrictions…I make too much and I can't contribute to a Roth IRA
I wonder if youd be able to buy a pie of pizza 🍕 for 100k in 40 years
I’m ready! Where do I start?
How it's work
Looking to grow my Roth ETF as fast as possible. What ETF and investment would be best to do that? I have a 12k chunk in my roth to throw…should i invest it all at once or slowly buy the best growing ETF??
40 years on a 9 to 5 pass
ok but how do you generate an 8% rate of return?
You should also show one more line for when you choose to max out your Roth IRA ASAP, not monthly, but 1 lump sum max in January. That gives you an additional 6 months invested on average.
26 right now about 7 years late to my own liking but still on track let’s goooo
Should I max the Roth then do a normal brokerage after.??
Can I pay that 7k up front 🤔 instead of 583 a month