Max out your Roth IRA every year - Deepstash
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Max out your Roth IRA every year

Simply contributing the current annual maximum to your Roth IRA of $6,000 from age 22 to age 67 makes a world of difference for two reasons.

First, Roth funds are shielded from future taxes: money in a Roth has already been taxed and will never be taxed again.

Next, if you choose to invest in low-cost index funds in your Roth, the account won't require any ongoing maintenance and you won't need to spend any time picking and choosing investments.

Make the annual Roth contribution a habit as early on in the calendar year as possible and make sure it happens every year.

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Make use of your 401(k) up to the match

This money will grow tax-deferred: that is, you'll receive a tax deduction today and won't pay taxes again until you withdraw the money in retirement.

If we take the two intermediate-return scenarios, not only would you end up with $3 million, you would end up with far more...

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