LemmyKnowsBest@lemmy.world to Personal Finance@lemmy.mlEnglish · 2 years ago

If 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?

5

11

If 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@lemmy.world to Personal Finance@lemmy.mlEnglish · 2 years ago

5

And does it multiply while it’s invested in the Roth IRA?

Chat

LemmyKnowsBest@lemmy.worldOP
link
fedilink
English
arrow-up
4·
2 years ago
59.5 years old. Got it.

Personal Finance@lemmy.ml

personalfinance@lemmy.ml

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !personalfinance@lemmy.ml

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

1 user / day
4 users / week
204 users / month
791 users / 6 months
26 local subscribers
4.74K subscribers
230 Posts
2.73K Comments
Modlog