Saving $500/month over the course of 30 years would roughly = $180,000.
Investing $500/month in a S&P500 index fund within a Roth IRA at 10% annual return over 30 years would = $1,031,421.66!
Oh and that’s federal tax-free money!
-GCF
Want to set yourself up for financial success this year? Start by setting clear, achievable goals. Consider your short-term & long-term needs & wants, & create a plan to make them reality. Don't forget to track your progress & make adjustments as needed. #financialgoals#NewYear
New year, new financial goals! Whether it's saving for a down payment on a home or paying off debt, it's never too late to start planning for your financial future. Make a budget and stick to it, and don't be afraid to ask for help if you need it. #financialgoals#newyearnewyou
Happy New Year! It's never too late to start taking control of your personal finance. Set some financial goals for yourself this year and make a plan to achieve them. Remember, small steps can lead to big progress. #personalfinance#newyear