You are viewing a single comment's thread from:RE: LeoThread 2025-01-29 13:25View the full contextandyloketh (40)in LeoFinance • 14 days ago The annual limit for a Roth IRA stands at $7,000. To fully fund it, consider investing: $585 each month, $135 weekly, or $20 daily.
If these contributions are directed toward S&P 500 index funds for three decades, the total personal investment will be $210,000.
However, by the time of retirement, the projected amount could reach $1,300,000.
This illustrates the remarkable effects of time and compound interest.
Taking these steps could lead to becoming a millionaire without tax obligations.