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WASHINGTON, DC - JULY 17: David Bagley (L), head of group compliance, HSBC Holdings plc, London, England, and Paul Thurston, chief executive for retail banking and wealth management, HSBC Holdings plc, Hong Kong, look over papers during a Senate Homeland Security and Governmental Affairs Committee hearing on Capitol Hill, July 17, 2012 in Washington, DC. The committee is hearing testimony United States vulnerabilities to money laundering. (Photo by Mark Wilson/Getty Images)
WASHINGTON, DC - JULY 17: David Bagley (L), head of group compliance, HSBC Holdings plc, London, England, and Paul Thurston, chief executive for retail banking and wealth management, HSBC Holdings plc, Hong Kong, look over papers during a Senate Homeland Security and Governmental Affairs Committee hearing on Capitol Hill, July 17, 2012 in Washington, DC. The committee is hearing testimony United States vulnerabilities to money laundering. (Photo by Mark Wilson/Getty Images)
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Don’t Trust Your Bank?

By Tom Egelhoff August 9, 2012

If you put $5,000 in a Roth IRA at age 19, and never put another dime in, even earning a modest 7%, you would have over $190,000 at age 72. At 9% you’d have half a million.

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Category: Advice, AM 1450 Exclusive, Business, Consumer Advice, Economy, Investment, Lifestyle, Money, Tom's Opinion Tags: , , , ,

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