RE: LeoThread 2025-01-29 13:25

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The annual limit for a Roth IRA stands at $7,000.

To fully fund it, consider investing:

  • $585 each month,
  • $135 weekly,
  • or $20 daily.
leofinance
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If these contributions are directed toward S&P 500 index funds for three decades, the total personal investment will be $210,000.

However, by the time of retirement, the projected amount could reach $1,300,000.

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This illustrates the remarkable effects of time and compound interest.

Taking these steps could lead to becoming a millionaire without tax obligations.

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