Why it’s NEVER to late too start investing for retirement?

09/09/2023 23 min
Why it’s NEVER to late too start investing for retirement?

Listen "Why it’s NEVER to late too start investing for retirement?"

Episode Synopsis

in this episode Ms. Black talks about how to leverage a Roth IRA to prepare for retirement at any age.Roth IRA contribution (for 2023 $6,500 annually, or $7,500 if you're age 50 or older)Roth IRA salary caps URL: https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2023  Compound interest calculator  URL: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator NYC Public School teachers can contribute in the Roth option of the 457 (Deferred Compensation)  $22,500 under 50 and $30, 000 over 50Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.Learn more about Ms. Black:Website: http://www.stayingintheblk.comInstagram:@stayingintheblk