At Thrivent, opening a Roth IRA is simple and easy, and can cost as little as a few of your monthly subscriptions!
Our minimum monthly amount to open a Roth IRA is $50/month, roughly $12.50/week, an amount comparable to just a few streaming subscriptions.
A standard Netflix subscription with no ads is $15.49/month.
An HBO Max subscription with no ads is $16/month.
A Hulu Subscription with no ads is $18/month.
A Spotify Premium Subscription is $10.99/month.
According to a recent article by Forbes, the average American pays $46/month towards subscription services.
And that’s not to say to cancel all your streaming subscriptions, rather to consider what a similar amount monthly could do if invested over time!
An investment of $50/month at a 7% return over the next:
10 years: $8,554.18
20 years: $25,381.52
30 years: $50,483.17
40 years: $123,600.01
Keep in mind how big of a difference this investment could make over time, it’s never too late to start investing!
Disclosures: Thrivent.com/social
Hypothetical example is for illustrative purposes. May not be representative of actual results. Past performance is not necessarily indicative of future results.