My wife and I are in our 40s. She has an $85K Roth IRA. Is it too late for me?
1. Compounding benefits apply to both IRAs and S&P 500 index funds. 2. Roth IRAs offer significant tax advantages for retirement savings. 3. Contributing to retirement plans can yield substantial future growth. 4. Emergency funds are essential to prevent falling into debt. 5. Average retirement savings for ages 35-44 is $141,500.