Here's How to Crush Your Roth IRA Goals in 2022
It's that time of the year again when goal setting takes center stage. While you're thinking about your career, health, and lifestyle goals, don't dismiss the power of retirement planning. It might not be the most ravishing goal to pursue in 2022, but the rewards can set you up for a financially secure retirement.
One way to crush your long-term goals is by contributing money to tax-advantaged retirement accounts, like a Roth IRA (individual retirement account). It's a rock-star retirement account for a reason. You can pay your tax bill upfront in exchange for tax-free growth and withdrawals after you meet the eligibility requirements. If you accumulate $1 million in your account, you can withdraw 100% of the money without splitting your earnings with the IRS.
Starting early is key to accomplishing your long-term retirement goals. Here are four things you can do in 2022 to achieve your Roth IRA goals.
Source Fool.com
