Investing $2,500 in a Roth IRA annually could grow to $1 million tax-free, Suze Orman notes

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2 hours ago

Investing $2,500 in a Roth IRA annually could grow to $1 million tax-free, Suze Orman notes — Early Roth IRA investing yields $1 million

Suze Orman, financial advisor / author, encourages parents to help their teens start investing early by contributing $2,500 each year to a Roth IRA.

She suggests that maintaining this annual investment for 50 years, with a 7% annual return, could result in tax-free growth exceeding $1 million.

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Orman has previously said that working toward shared financial goals with a trusted partner can improve accountability and motivation, according to a prior statement. She has also discussed how money-related stress can influence women’s health and affect their financial decisions, as noted in a recent interview. The latest advice continues her emphasis on establishing positive financial habits early.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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