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Scott Thomas, ChFC®, CAP®, CKA®, RICP®

One Time ROTH Contribution

Let's look at the power for time and earnings with and without taxes applied.

Taxable account vs. ROTH IRA one time contribution over time.

Assume 45 years to grow and 8% return on single payment in $5,000.

Tax rate 25%

More than $90,000 extra money in the ROTH over the taxable account same return and time.

Young people listen up if you have opportunity to put salary contributions into ROTH 401K at your employer this is small glimpse into the power of time and earnings and taxes.

You can reach Scott Thomas 

scott@stewardshipmatters.net

 

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck