LemmyKnowsBest@lemmy.world to Personal Finance@lemmy.mlEnglish · edit-21 year agoIf 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?message-squaremessage-square5fedilinkarrow-up112arrow-down11file-text
arrow-up111arrow-down1message-squareIf 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 · edit-21 year agomessage-square5fedilinkfile-text
minus-squarethessnake03@lemmy.worldlinkfedilinkEnglisharrow-up12·1 year agoMoney in an IRA doesn’t automatically “multiply” as you say. You’d need to invest your contributions into something, like a stock or mutual fund
minus-squareLemmyKnowsBest@lemmy.worldOPlinkfedilinkEnglisharrow-up1·edit-21 year agodeleted by creator
Money in an IRA doesn’t automatically “multiply” as you say. You’d need to invest your contributions into something, like a stock or mutual fund
deleted by creator