1417Power

Listen to the Wizard!

"The miracle of compounding is what can make money grow more and more briskly over time. Imagine a sum, say $10,000, growing by 10% annually, for example. In the first year, it's 10% bigger, increasing by $1,000, to $11,000.

In the second year, that $11,000 grows by 10% which is now $1,100 and you end up with $12,100. The year after, that result grows by 10% ($1,210), becoming $13,310. The point here is not only to see how, in just a few years, your initial $10,000 is growing but that the amount by which it's growing is growing, too! First $1,000, then $1,100, then $1,210, and $1,331. The Roth IRA can make the compounding effect even stronger for you, because it takes taxes out of the equation. The money you contribute is post tax money but it grows and gets withdrawn tax free."

-The Motley Fool

Look at the difference between a family who joins 1417Power and one that does not.