If you want to retire a millionaire it doesn’t take as much as you think.
In fact, it may only take you $6,000 (per year) or less actually.
A Roth IRA is a type of retirement account that is funded after-tax and grows tax-free. Unlike traditional IRA’s that are funded with pre-tax income and you pay taxes when you retire. With a Roth IRA, there are several advantages of doing so that range from tax breaks to easy early withdrawals.
You have probably heard myself or other personal finance influencer’s speak about how great low cost index funds are as a tool to build wealth, but what even are they and how does it work?
If you’re interested in investing but don’t want to deal with the complex market, expensive fees and the hassles of active management then index funds could be an ideal solution for you.
*Disclaimer: not investment advice, educational purposes only If you ready to start investing in ETFs or Index Funds but aren’t sure what to look for