Wed Apr 24 2024, by Tyler Gardner
Can a Roth IRA Make You Rich by Retirement?
Is it true that if I put my money in a Roth IRA, I could be rich by the time I retire?
Yep!
Then how come I've been contributing for the last 10 years and haven't made a dime?
How much are you putting in?
$6,000 a year, like you told me.
And what are you investing in?
Doesn't that happen automatically?
Oh no. You have to invest the money once it's in the account.
Into what?
Index funds? Bond funds? Individual stocks or treasuries? Whatever's most appropriate for you and your goals.
And where did you learn this from?
Because they didn't teach me this in school.
Just follow Social Cap. It makes complex finance seem easy.
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