Stas Serfes

@StasTalksStocks backup account!

[Stas Serfes @StasTalksStocks]

This shows you the power of compound interest.

Let's say you start off with $5,000 at the age of 25. You add $6,500 every year to your investment account.

If you let that grow for 35 years at a 10% return compounded annually, you would have over $2 million at 60 years old.

$2 MILLION🤑

$6,500 is currently the contribution limit for a Roth IRA in 2023. This allows you to invest post tax money which then grows tax free into retirement.

Everyone should have a Roth IRA in 2023. If you don't have one, you're making a serious personal finance mistake IMO.

Do you have a Roth IRA? Backdoor Roth? Let me know! #stocks #stockmarket