How does a Roth IRA grow over time?
How does a Roth IRA grow over time? Traditional individual pension accounts (IRAs) are known for their tax advantages, but how does a Roth IRA work - specifically, how does it grow over time? Your contributions help, but it is the power of the compound that makes the heavy lifting when it comes to building wealth with a Roth IRA. Your account has two sources of funding: contributions and profits. The first is the clearest source of growth, but the potential for dividends and the power of the compound can be even more significant. Leading enterprises A Roth IRA provides tax-free growth…