Feb 2

My mother always said when I was growing up that if I put $1,200 away each year in a Roth IRA that by the time I was retired I will be a millionaire. Is this true?

Roth IRA IRA, putting away, retired., Roth

Or should I be putting more away? I’m currently 23 yrs. old and I’ve already put away 2,600 since I opened the account when I was 21 yrs. old.

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Roth IRA, Traditional IRA, 401K

My mother always said when I was growing up that if I put $1,200 away each year in a Roth IRA that by the time I was retired I will be a millionaire. Is this true?

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