Comments on: Traditional IRA vs. Roth IRA

By: GKhiel

GKhiel — Mon, 04 May 2009 00:51:19 +0000

Compounding interest baby! Suze Orman has a great illustration. If you put $100 a month in a Roth IRA starting at age 25 to age 65 – you will have $1.1 million by retirement (assuming a compound interest rate of 8%). It is never to early to start investing a small amount every month!

By: MoniqueS

MoniqueS — Sat, 25 Apr 2009 04:25:41 +0000

I read somewhere that if you start investing the max amount into your Roth IRA when you’re 30, by the time you’re 70 you will have accumulated $1,000,000

By: PeterH

PeterH — Fri, 17 Apr 2009 18:24:51 +0000

It is never too early to start saving for retirement and IRAs are the way to go. It is no coincidence that Warren Buffett began investing at age 11, has practiced every day since, and is now one of the richest men in the world.

By: Jeter

Jeter — Thu, 16 Apr 2009 05:43:03 +0000

I just started a Roth IRA a few months ago through my bank. It was really easy but I’m nervous aout how it will perform in this economy. Better than my money sitting in a checking account though … I Think!