It's been a while since I've written anything, and I'm still trying to get my life in order. From sorting out my dream career at my company, to thinking about business school, saving up and of course paying off my debt my life is a tad bit hectic.
I came across this article today via MSN and felt the need to share the following blurb.
91 ways to save on almost everything by Kiplinger's Personal Finance Magazine
"If a 25-year-old contributes $5,000 each year until she retires and makes an average annual return of 8% on her investment, she'll have $1.4 million saved by the time she retires at age 65. If she invested that money in a taxable account, however, she'd have only about $1 million if her earnings were taxed at 15% -- that's 28% less money."
$1.4 million? Damn, I think it's about time I start maxing out my Roth IRA...
Click here to read the full article
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment