Mon, January 6, 2025
Sun, January 5, 2025
Sat, January 4, 2025
[ Sat, Jan 04th 2025 ]: Yahoo
Cash App Taxes 2025 (Tax Year 2024)
Fri, January 3, 2025
[ Fri, Jan 03rd 2025 ]: MSN
How Money Can Make More Money
Thu, January 2, 2025

How to Build a Million-Dollar Roth IRA if You Start Investing in 2025

The article from AOL discusses strategies for building a million-dollar Roth IRA, emphasizing the benefits of tax-free growth and withdrawals in retirement. It outlines several key steps: starting early to maximize compound interest, contributing the maximum amount allowed annually ($6,000 in 2023, or $7,000 if you're 50 or older), and choosing investments wisely. The article suggests investing in a diversified portfolio, possibly including stocks, ETFs, or mutual funds, and highlights the importance of low-cost index funds for long-term growth. It also mentions the potential of using a backdoor Roth IRA for high earners who exceed the income limits for direct contributions. The piece stresses patience, as building such a substantial nest egg requires time, consistent contributions, and a long-term investment horizon.

Read the Full AOL Article at:
[ https://www.aol.com/build-million-dollar-roth-ira-110000214.html ]