Comments on: How do you turn a penny into a million dollars? Try Roth IRA accounts http://kykernel.com/2009/10/13/how-do-you-turn-a-penny-into-a-million-dollars-try-roth-ira-accounts/ Wed, 08 Sep 2010 11:23:54 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Britt (Your Roth IRA) http://kykernel.com/2009/10/13/how-do-you-turn-a-penny-into-a-million-dollars-try-roth-ira-accounts/comment-page-1/#comment-8106 Britt (Your Roth IRA) Thu, 15 Oct 2009 01:21:55 +0000 http://kykernel.com/?p=20374#comment-8106 Excellent point... The earlier you start socking away funds for retirement, the better off you'll be in the long-run, and the easier it will be to fully fund your retirement. Unfortunately, most 18 year olds don't give a second thought to retirement. But those who do will reap big rewards. It's also a good point to mention the power of reinvested dividends. It's certainly possible to buy a share of PepsiCo today with a 3% dividend yield, and 40 years later, receive a dividend almost equal to the original price paid for the share of stock. Reinvest those dividends in additional shares, and you'll realize the incredible power of compounding interest...! Excellent point… The earlier you start socking away funds for retirement, the better off you’ll be in the long-run, and the easier it will be to fully fund your retirement. Unfortunately, most 18 year olds don’t give a second thought to retirement. But those who do will reap big rewards.

It’s also a good point to mention the power of reinvested dividends. It’s certainly possible to buy a share of PepsiCo today with a 3% dividend yield, and 40 years later, receive a dividend almost equal to the original price paid for the share of stock. Reinvest those dividends in additional shares, and you’ll realize the incredible power of compounding interest…!

]]>