ilmscore | Millennials & Gen-Z are Poorer Than Ever (Here’s Why)

Millennials & Gen-Z are Poorer Than Ever (Here’s Why)

Published: 2023-05-17
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Topic
Status
Investing $250 per month into a Roth IRA for 40 years is projected to reach an ending balance of $94,000, assuming average stock market returns.
"A mere $250 a month in your Roth IRA compounded over 40 years at the average stock market return will yield you an ending balance of $94,000."
Retirement Savings
Pending
Investing $400 per month into a Roth IRA for 40 years is projected to exceed $1.44 million, assuming average stock market returns.
"If you can up that contribution to $400 a month, you can see that your future value will be over $1.44 million."
Retirement Savings
Pending
Maxing out Roth IRA contributions for 40 years is projected to result in a balance of nearly $2 million, assuming average stock market returns.
"And if you're able to max it out, you're looking at just shy of $2 million within 40 years."
Retirement Savings
Pending