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For example, if you invest $50 every month for the next five years at 8% annually, and keep that money invested for 40 years, you could pad your retirement account by almost $80,000.
2019/06/26 15:19
You can set up automatic monthly contributions to your Roth or traditional IRA via many brokerage firms. If your future employer offers a 401k plan, get signed up for that - contributions can be automatically taken out of your paycheck. Since it's automated, you won't have to worry about remembering it every month - just be sure to keep a budget so you know how much you can afford to contribute.
2019/06/26 15:19
Whenever you're choosing specific investments, always investigate the expense ratio. Even small fees can eat away at your portfolio over time. Consider going with exchange traded funds or index funds, which typically carry much lower expense ratios than actively managed mutual funds.
2019/06/26 15:19