@BoogBlkHippie@jeannette_nette and by the time they retire, their roth acct is seasoned and the earnings it makes in the market aren’t taxed🙂↕️ that’s why is good for when you think you’ll be in a higher tax bracket in the future
@BoogBlkHippie@jeannette_nette yep exactly! and while maxing out every year is great, people also should understand that any little bit helps, especially with roths! i’ve seen accts with only a few thousand in contributions and be valued 4x higher bc they invested young w anything they could!
@jeannette_nette@BoogBlkHippie i work in retirement, so this isn’t a “recommendation.” but a lot of participants i see w accounts in the multimillions have taken advantage of matching. they also start a roth ira young and take advantage of meeting w an advisor. they also lived frugally to push $ in