"Well what if I didn& #39;t start saving and investing in my 20& #39;s
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Then you start NOW in your 30& #39;s, 40& #39;s or 50& #39;s
"Is it even worth it to start now since I lost so much time
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Well let& #39;s take a look and see if it& #39;s worth it to you...
[THREAD]
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https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">
Then you start NOW in your 30& #39;s, 40& #39;s or 50& #39;s
"Is it even worth it to start now since I lost so much time
Well let& #39;s take a look and see if it& #39;s worth it to you...
[THREAD]
A 30 year old who opens a Roth IRA and invests $500/month into a Total Stock Market Index Fund that returns 8% annually, will accumulate:
• Age 50 = $294,510
• Age 60 = $745,179
• Age 65 = $1,146,940
Thats a potential extra $1.2 million (TAX-FREE) that you didn& #39;t have before
• Age 50 = $294,510
• Age 60 = $745,179
• Age 65 = $1,146,940
Thats a potential extra $1.2 million (TAX-FREE) that you didn& #39;t have before
A 40 year old who opens a Roth IRA and invests $500/month into a Total Stock Market Index Fund that returns 8% annually, will accumulate:
• Age 55: $173,018
• Age 65: $475,512
• Age 70: $745,179
That& #39;s a potential extra $745k (TAX-FREE) that you didn& #39;t have before
• Age 55: $173,018
• Age 65: $475,512
• Age 70: $745,179
That& #39;s a potential extra $745k (TAX-FREE) that you didn& #39;t have before