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If I start a Roth IRA in a couple weeks, and keep contributing $7k per year to it, for years & decades, When will it pay off? When can it be money for me to spend?

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LemmyKnowsBest@lemmy.world
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And does it multiply while it’s invested in the Roth IRA?

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thessnake03@lemmy.world
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Money in an IRA doesn’t automatically “multiply” as you say. You’d need to invest your contributions into something, like a stock or mutual fund

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