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Is Retiring Early Really Worth It?
Money Guy Show
Time and Goals: Key Factors in Roth IRA
Time is a crucial factor in wealth creation as it allows for compounding growth to work its magic, especially for young individuals. The tax bracket and age influence the effectiveness of tax-free growth in Roth IRAs. Goals play a significant role in determining the need for different investment accounts, such as a bridge account for early retirement or after-tax accounts. Legacy considerations also impact the choice between leaving behind money or having a Roth account for beneficiaries.
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