Brandon is the President at TBS Retirement Planning. He has been a client advocate in the areas of risk management, retirement planning, as well as financial education for over 20 years. Brandon began pursuing comprehensive wealth management after the consequences of the great recession became evident in his local community in North Texas.
Follow the rules and you’ll get tax-free withdrawals at retirement
And that extra time means both your principal and your earnings can take advantage of compounding, which has the power to transform a humble account balance into a much more sizable one if financial markets rise in value. If you retire at 62 with $100,000 in your Roth IRA, 10 years later it may be worth $250,000, and 20 years later nearly $675,000.