2024 Roth IRA 💰
The IRS just raised the 2024 Roth IRA contribution limit from $6,500 to $7,000. If you contribute $7,000/yr (or $583/mo) for 35 years, you’ll be a millionaire 💰 (assuming an 8% rate of return).
Of course the contribution limits should continue to increase over the years, so you could end up with much more than this!
I love maxing out my Roth IRA and def plan on contributing the full $7,000 for 2024! Are you planning to contribute to your Roth IRA for 2024? 💸
#rothira #2024 #personalfinanceforwomen