Posted on 03.12.08 9:55AM under finance
If you take a look at personal finance recommendations by financial experts at http://money.cnn.com, one thing they always emphasize is the importance of a Roth IRA. Why is this so important? You can do research on the details, but there are two main benefits to Roth IRAs. One is, compounded interest will heavily reward you over time for making the maximum contribution. The second benefit is the tax-free status of your earnings. Solely by starting a Roth IRA early on and contributing the maximum amount you can, you could accumulate a million dollars over the course of your lifetime.
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