Time is on your side. You now have until July 15 to make your maximum yearly contribution for the 2019 tax year, if you haven't already. Don't miss this opportunity for tax-deferred growth.
Consider this example:
Source: Edward Jones. This chart assumes a 7% hypothetical rate of return rounded to the nearest $1,000. Returns are calculated annually and are for illustrative purposes only. The chart does not represent any currently available investments. Calculations assume an annual contribution (made at the beginning of the year) until the last day of your 65th year (the contribution limit for those under age 50) and add $1,000 per year at age 50 and thereafter (the catch-up contribution limit for those age 50 and older). Figures do not include taxes, fees, commissions or expenses, which would have a negative impact on investment results.