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Should I start a Roth IRA and give some details on what it is?
11-19-2012, 02:49 AM
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Joseph T Offline
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A Roth IRA is a personal retirement account. Most bokerage firms offer Roth IRA's, also banks, and just about any other institution that deals with financial matters. In a Roth IRA, all your investment returns are tax free, however, you do not get a tax deduction. Time is very important - The earlier you start the greater your advantage amd the more money you will make. If you want to have $1,000,000 in 50 years @ 9% (average % return in the stock market) you will need to save $85.70 per month. The later you start, the more you will have to save each month.
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[] - Joseph T - 11-19-2012 02:49 AM

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