A Simple Strategy to Turn $5,000 a Year Into $3.3 Million Tax Deferred

Here’s the deal. An IRA allows for investors under the age of 50 to contribute $5,000 a year to the account and trade tax free. Investing $5,000 a year for 25 years at 20% annualized will turn a 35 year old investor’s annual contribution into over $3.3 million by the time they are 60 in 2035. The problem is that no one thinks ahead because many are scared of what is to come instead of being confident that the future holds the best for them.