Just started a Vanguard Roth IRA at 19 years old starting with k in the account. What is the next step in gworing that money?
How do you become a millionaire by 60 if you start a Roth IRA early? I have heard it said that investing index funds and the like over time, can grow money with compound interests over time, but I'm a bit confused on the next step.
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Not a lot of information to go on, but if you contribute 0 a month at 4% for 40 years you'll end up with slightly more than ,000,000... If you wait another 10 years you'd need to save 00 a month for the same outcome.
Yes but you have to do a bit more. In my opinion you are smart for asking the question. I wish that I did when I was your age (sometime during the Jurassic era). Here is something to give food for thought but keep asking the question and see what advice you get.
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