jave36
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- Nov 29, 2011
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If you do $5k per year starting at age 30, and you average 7% interest per year, you'll have almost $700k at age 65, tax free. That's about $4k/month in tax free income until you're 90 years old. Not bad.Yeah my biggest regret is not realizing this earlier, I've been playing catchup since...but thankfully get a matched 401k to contribute to...still have my Roth IRA though, anytime I change jobs the 401k gets dumbed there if new company doesn't offer 401k to roll into.
Even setup the wife with her own Roth IRA...only sadly not able to max it out.