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re: Trump accounts can grow to $191k from age 0-18 & over $2 million by retirement
Posted on 12/3/25 at 3:23 pm to el Gaucho
Posted on 12/3/25 at 3:23 pm to el Gaucho
quote:Sounds like you don't need to save then. Seems to me that putting 5K a year into a savings account pre-tax is a good thing. My guess is no matter what, you'd be against what the Bad Orange Man did.
1200 bucks
This post was edited on 12/3/25 at 3:40 pm
Posted on 12/3/25 at 3:39 pm to hawgfaninc
If you put in the max each year for 18 years, you'd have invested 91K (pre tax) with the initial 1K from the Government. The stock markey has historically produced a 10% return long run. The money will be almost 16 Million at 62....
Posted on 12/3/25 at 3:47 pm to thunderbird1100
The returns in the S&P 500 index for the last ten years have averaged 14.4 percent per year. At that rate , you would double your money every 5 years.
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