Did you know?
Baby steps
Money habits, such as planning ahead and delaying gratification, are established as early as 7 years old.
Turn $95 into $1,000,000
If you invest $95 per month starting in your 20s, you’ll have over $1,000,000 by the time you’re 65.
The power of time
Every $1 invested in your 20s can grow to $55-$85 by the time you’re 65. And every $1 invested for your child when they are 3-6 years old can grow to $400-$500 by the time they are 65.
The earlier the better
If you do not start saving until 45, you will need to save three times as much as if you start at 25.
Work together
Custodial Roth Investment accounts for kids allow parents or grand-parents to contribute. Matching your child’s investments dollar-for-dollar can be a great incentive!
Don’t miss out on your 20s
If you can max out your IRA ($500/month) at 25, you will have $5.4M by the time you retire.