Those who know me know how much I love the Roth IRA.
I love it so much in fact that I tried to convince my wife to name our third son “Roth.” Ha, ha, I might be kidding . . . .
Anytime I can encourage a young investor to start their own Roth IRA it gets me fired up. While they may see only $50 to $100 per month going into the Roth IRA, I know that upon retirement they are going to be more financially secure than 99.9% of the population now.
It gives me goosebumps just thinking about it. The power of compound interest is absolutely astounding.
When a good friend of mine who owns a photography business wanted to start investing into his own Roth IRA through me I was excited for him. I immediately thought of how we would spend our retirement years reveling in the fact that we started investing when we were younger.