@LemmyKnowsBest to Personal [email protected]English • edit-21 year agoIf I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?message-square5arrow-up111arrow-down11file-text
arrow-up110arrow-down1message-squareIf I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?@LemmyKnowsBest to Personal [email protected]English • edit-21 year agomessage-square5file-text
minus-square@thessnake03linkEnglish11•1 year agoMoney in an IRA doesn’t automatically “multiply” as you say. You’d need to invest your contributions into something, like a stock or mutual fund
Money in an IRA doesn’t automatically “multiply” as you say. You’d need to invest your contributions into something, like a stock or mutual fund
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