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The Power of Starting an IRA

The Power Of Starting IRA Contributions NOWVS. LATER Deposit into IRA (per $10,000) IS Return (per $10,000) $524,487 RETURN 86.5% S82,000 13.5% DEPOSIT $606,487 All this is TAX FREE! TOTAL IRA SAVINGS But had he saved his $2,000/year in a non-IRA account (with 8% return on investment), UNCLE SAME WOULD TAKE: - $282,900 %3D * Based on 35% tax bracket SAVING FROM AGES 25-65 Investment of $2,000 per year, assuming an average 8% return on investments. $204,427 76.73% RETURN $62,000 23.27% $266,427 TOTAL IRA SAVINGS SAVING FROM AGES 35-65 Investment of $2,000 per year, assuming an average 8% return on investments. SAVING FROM AGES 45-65 S66.914 61.44% 542.000 38.56% RETURN Investment of $2,000 per year, assuming an average 8% return on investments. $108,914 TOTAL IRA SAVINGS The Power Of Starting IRA Contributions NOWVS. LATER Deposit into IRA (per $10,000) IS Return (per $10,000) $524,487 RETURN 86.5% S82,000 13.5% DEPOSIT $606,487 All this is TAX FREE! TOTAL IRA SAVINGS But had he saved his $2,000/year in a non-IRA account (with 8% return on investment), UNCLE SAME WOULD TAKE: - $282,900 %3D * Based on 35% tax bracket SAVING FROM AGES 25-65 Investment of $2,000 per year, assuming an average 8% return on investments. $204,427 76.73% RETURN $62,000 23.27% $266,427 TOTAL IRA SAVINGS SAVING FROM AGES 35-65 Investment of $2,000 per year, assuming an average 8% return on investments. SAVING FROM AGES 45-65 S66.914 61.44% 542.000 38.56% RETURN Investment of $2,000 per year, assuming an average 8% return on investments. $108,914 TOTAL IRA SAVINGS The Power Of Starting IRA Contributions NOWVS. LATER Deposit into IRA (per $10,000) IS Return (per $10,000) $524,487 RETURN 86.5% S82,000 13.5% DEPOSIT $606,487 All this is TAX FREE! TOTAL IRA SAVINGS But had he saved his $2,000/year in a non-IRA account (with 8% return on investment), UNCLE SAME WOULD TAKE: - $282,900 %3D * Based on 35% tax bracket SAVING FROM AGES 25-65 Investment of $2,000 per year, assuming an average 8% return on investments. $204,427 76.73% RETURN $62,000 23.27% $266,427 TOTAL IRA SAVINGS SAVING FROM AGES 35-65 Investment of $2,000 per year, assuming an average 8% return on investments. SAVING FROM AGES 45-65 S66.914 61.44% 542.000 38.56% RETURN Investment of $2,000 per year, assuming an average 8% return on investments. $108,914 TOTAL IRA SAVINGS The Power Of Starting IRA Contributions NOWVS. LATER Deposit into IRA (per $10,000) IS Return (per $10,000) $524,487 RETURN 86.5% S82,000 13.5% DEPOSIT $606,487 All this is TAX FREE! TOTAL IRA SAVINGS But had he saved his $2,000/year in a non-IRA account (with 8% return on investment), UNCLE SAME WOULD TAKE: - $282,900 %3D * Based on 35% tax bracket SAVING FROM AGES 25-65 Investment of $2,000 per year, assuming an average 8% return on investments. $204,427 76.73% RETURN $62,000 23.27% $266,427 TOTAL IRA SAVINGS SAVING FROM AGES 35-65 Investment of $2,000 per year, assuming an average 8% return on investments. SAVING FROM AGES 45-65 S66.914 61.44% 542.000 38.56% RETURN Investment of $2,000 per year, assuming an average 8% return on investments. $108,914 TOTAL IRA SAVINGS The Power Of Starting IRA Contributions NOWVS. LATER Deposit into IRA (per $10,000) IS Return (per $10,000) $524,487 RETURN 86.5% S82,000 13.5% DEPOSIT $606,487 All this is TAX FREE! TOTAL IRA SAVINGS But had he saved his $2,000/year in a non-IRA account (with 8% return on investment), UNCLE SAME WOULD TAKE: - $282,900 %3D * Based on 35% tax bracket SAVING FROM AGES 25-65 Investment of $2,000 per year, assuming an average 8% return on investments. $204,427 76.73% RETURN $62,000 23.27% $266,427 TOTAL IRA SAVINGS SAVING FROM AGES 35-65 Investment of $2,000 per year, assuming an average 8% return on investments. SAVING FROM AGES 45-65 S66.914 61.44% 542.000 38.56% RETURN Investment of $2,000 per year, assuming an average 8% return on investments. $108,914 TOTAL IRA SAVINGS The Power Of Starting IRA Contributions NOWVS. LATER Deposit into IRA (per $10,000) IS Return (per $10,000) $524,487 RETURN 86.5% S82,000 13.5% DEPOSIT $606,487 All this is TAX FREE! TOTAL IRA SAVINGS But had he saved his $2,000/year in a non-IRA account (with 8% return on investment), UNCLE SAME WOULD TAKE: - $282,900 %3D * Based on 35% tax bracket SAVING FROM AGES 25-65 Investment of $2,000 per year, assuming an average 8% return on investments. $204,427 76.73% RETURN $62,000 23.27% $266,427 TOTAL IRA SAVINGS SAVING FROM AGES 35-65 Investment of $2,000 per year, assuming an average 8% return on investments. SAVING FROM AGES 45-65 S66.914 61.44% 542.000 38.56% RETURN Investment of $2,000 per year, assuming an average 8% return on investments. $108,914 TOTAL IRA SAVINGS The Power Of Starting IRA Contributions NOWVS. LATER Deposit into IRA (per $10,000) IS Return (per $10,000) $524,487 RETURN 86.5% S82,000 13.5% DEPOSIT $606,487 All this is TAX FREE! TOTAL IRA SAVINGS But had he saved his $2,000/year in a non-IRA account (with 8% return on investment), UNCLE SAME WOULD TAKE: - $282,900 %3D * Based on 35% tax bracket SAVING FROM AGES 25-65 Investment of $2,000 per year, assuming an average 8% return on investments. $204,427 76.73% RETURN $62,000 23.27% $266,427 TOTAL IRA SAVINGS SAVING FROM AGES 35-65 Investment of $2,000 per year, assuming an average 8% return on investments. SAVING FROM AGES 45-65 S66.914 61.44% 542.000 38.56% RETURN Investment of $2,000 per year, assuming an average 8% return on investments. $108,914 TOTAL IRA SAVINGS

The Power of Starting an IRA

shared by Terran on Nov 17
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This illustration by IRA.com shows the power of starting to fund your IRA now vs later in life.

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