• crimsoncobalt@lemmy.world
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    6 days ago

    I concur on this one. Open a Roth IRA and put it towards an S&P 500 mutual fund with low fees. I use Schwab because it’s free to open an account and deposit money.

    • Vinny_93@lemmy.world
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      6 days ago

      Strategy wise it’s good to mention that you approach this as a savings thing so you deposit, say, monthly. That way you compound your interest and that can really ramp up quickly.