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Everything You Need to Know About Finances in Your 20s

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The Power of Tax Free Accounts

A Roth IRA will provide a mechanism so long as you meet the requirements. Anything that grows out of it is going to be completely tax-free. If they can earn 8% over the next 40 years in these accounts, at the end of that time period after 40 years, they would both have portfolios of $1,745,504. That's linear math. It's exactly the same amount.

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