Andrew Lokenauth on Nostr: The Roth IRA is one of the most powerful tools to build wealth. Here is the power of ...
The Roth IRA is one of the most powerful tools to build wealth.
Here is the power of maxing out a Roth IRA in an S&P 500 Index Fund:
10 Years: $118,000
20 Years: $434,000
30 Years: $1,332,000
40 Years: $3,881,000
50 Years: $11,120,000
Which you can withdraw 100% tax-free at age 59.5!
(In the last ~100 years, the S&P 500 had an average annual return of ~11%, with dividends reinvested)
Published at
2024-01-04 20:52:44Event JSON
{
"id": "11abe8b8e39b8e46d3beca7c8dcad5c4b0ac2c4c2a1a142bcc949ef68237d026",
"pubkey": "ad46b5c658d2954dd5180e52b6a336d94708406e8067672c8c077614db4ed899",
"created_at": 1704401564,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/users/FluentInFinance/statuses/111699660953592185",
"activitypub"
]
],
"content": "The Roth IRA is one of the most powerful tools to build wealth.\n\nHere is the power of maxing out a Roth IRA in an S\u0026P 500 Index Fund:\n\n10 Years: $118,000\n20 Years: $434,000\n30 Years: $1,332,000\n40 Years: $3,881,000\n50 Years: $11,120,000\n\nWhich you can withdraw 100% tax-free at age 59.5!\n\n(In the last ~100 years, the S\u0026P 500 had an average annual return of ~11%, with dividends reinvested)",
"sig": "5c4bb60c6df86cf4b32ed393e528387c54d96a48f23da3d57c38ecb45f2d64b5794a3a087dbc36ccaa55ca2fd995d959b5f0edc858365f2b62e12fa4e55ca694"
}