Saturday, November 6, 2010


I've said it before but it's totally worth repeating:  Start a Roth IRA as soon as possible.  Even if you can only invest $50 a month when you start, it will help you in the long run.  Tonight I made a new friend while at a bar with some other friends.  She is a stage manager on a Broadway show.  She started a Roth IRA at the age of 22 when she graduated from college.  Since she started her Roth at such a young age, she only has to invest $200 a month until retirement to get around 1.6 million dollars!  But if she were to wait till the age of 32, she'd have to invest $500 a month to get the same amount by retirement.  So, start ASAP.  The sooner you start investing, the sooner that money turns into more money.  Awesome, right?

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