You will pay taxes on it do not call it tax free on all retirement plans you pay taxes one way or the other. When you pay on when you put in are you paid taxes when you pull out so I hate it when everybody says it's tax-free money it's nothing but the biggest pitch ever as a broker to do for you
Bullshit Roth IRA contribution limit was US$2000 24 years ago, so you couldn't contribute 7k. Also, Roth IRA has had an average RoI of 8.5% annually for the last 25 years, so that contribution – which we already agreed you couldn't make at that time – would be worth by now roughly 50k, and not 490k. Do the math correctly and don't spread bullcrap financial information! It is true that you should start investing early, this is one form of it, though the real value of that investment is not 7 times of the invested 7k unfortunately when compared to the 2000 value of that money, but rather less than a third, so it is like having 15k in 2000, which tells a long story about the state of the economy and the value of investment available to ordinary people. The real (and only) upside of this investment is that no tax is payable on the returns earned.
I have an idea What about we do the same thing as the number 1 guy but we add 500 a month so we'd have more money than he did plus we can invest in other things wille we do that. Isn't that a bit odd?
Don't you kinda have a risk about it too?π i don't reccomend you invest on something that is bad invest on something good that you know it's gonna blow up or grow
31 comments
Who the hell gets a 10,000 dollar bonus Iβm lucky to get a dollar a week bonus
Bruh. Hes 21 allright
lol
I wish Casper was around when I was 18.
Barcolona isnt a contrey broπ
You will pay taxes on it do not call it tax free on all retirement plans you pay taxes one way or the other. When you pay on when you put in are you paid taxes when you pull out so I hate it when everybody says it's tax-free money it's nothing but the biggest pitch ever as a broker to do for you
Should have invested in acne cream?
10% per year aint happening
PSG Fans Stay Out Of Barcelona…
In 45 years that money would worth 1/5 of what is worth now in the best case scenario
If you are all smart about investing the why are you not rich
escape the rat race. you wonβt ever get rich working for somebody. Work for yourself.
Bro shouldve put 7k each time bro would have millions
Honestly i know ppl who would say βim putting it all on redβ
GG
What do you have on it when youre old you need money while youre young but its still a good one
Skibidiii
Having 7k when you're young is better than having 460,000 when you're 65.
Okie thanks Casper I have 1 million now π π π ….
Bullshit
Roth IRA contribution limit was US$2000 24 years ago, so you couldn't contribute 7k.
Also, Roth IRA has had an average RoI of 8.5% annually for the last 25 years, so that contribution – which we already agreed you couldn't make at that time – would be worth by now roughly 50k, and not 490k.
Do the math correctly and don't spread bullcrap financial information!
It is true that you should start investing early, this is one form of it, though the real value of that investment is not 7 times of the invested 7k unfortunately when compared to the 2000 value of that money, but rather less than a third, so it is like having 15k in 2000, which tells a long story about the state of the economy and the value of investment available to ordinary people.
The real (and only) upside of this investment is that no tax is payable on the returns earned.
wow he had achne for 40 years
999
Too bad he was too old to enjoy spending that money
I have an idea
What about we do the same thing as the number 1 guy but we add 500 a month so we'd have more money than he did plus we can invest in other things wille we do that.
Isn't that a bit odd?
Idk why, but making money and investing it makes me happy.
Is working in usa
..in the countryes in europe we dont get somthing like this
Bro said 65 age but why both of you looked like 19-20πππ
Ur 65 you dont need it π
Well roth ira exists only in the US
Don't you kinda have a risk about it too?π i don't reccomend you invest on something that is bad invest on something good that you know it's gonna blow up or grow
SCAMERRRRRRRRRRRRR