🔺 r/personalfinanceuajnails·49 days ago
Am I missing something obvious with the Roth IRA
Dual income household and we’re both 32. I’ve been working for 10 years and my wife for 3 years as she just finished residency. She started contributing to her 401k and is choosing the Roth 401k option because her hospital does a 10% match. She’s been maxing it out for as long as she can and has a decent amount built up. I used a calculator and it says at this pace, she will have almost $10 million at age 65 with an 8% return. That is tax free money that we can use as a checking account after age 59.5. Is it really that easy? I know that is in future dollars and converted to today’s money that’s less but still- we have other investments too. Am I missing something obvious? Edit- it’s late and I’m dumb- I meant Roth 401k in title submitted by /u/ajnails to r/personalfinance [link] [comments]