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How to open a Roth IRA
How I did it: Go to any financial institution and open up and account, it's that easy....
The miracle of compounding!
it goes something like this......
Deposit $2,000 into and IRA from age 22 to 27 years old, for a total of 6 years of deposits; $12,000 total.
By retirement age (assuming a healthy economy) your 12K would grow to $1,348,440.
On the other hand, if you wait until your 27 years old and contribute $2,000/year over the next 37 years!!!, your $74,000 contributions will grow to $1,363,780.
Nearly the same outcome for imbalanced contributions.
You get the picture...
Lessons & tips: Start an IRA asap...