WHERE TO PUT SOME FUNDS & LEAVE THEM TO GROW TAX FREE
If you want a place $500-1000 of your money that you will not pull out until retirement (and remove tax free) a ROTH IRA is a great place to also invest money.
-Maximum $6,000 per year contributions (your income level matters if you want to make contributions)
-PLACE IT AND LEAVE IT: Put something small like $500-1,000 in and leave it until 60 years old, any other contributions are optional you can let it grow over the course of many years from ages 30-60 exponentially much better than age 50-60
-The money will be tax free after the age of 60 and can be removed with no penalties
SOME RULES OF THE ROTH IRA
Here is $1,000 in at age 28 and NO contributions, removed at age 65, turning into $4-12K
