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Lindsay and Matt work with Money magazine's Ellen McGirt, and in just one hour's time, the couple is already on their way to a comfortable retirement nest egg.
The couple will take their savings and put it into a place with a higher interest rate. Matt also agrees to downgrade his car and sell his PlayStation.
With this found money, Lindsay and Matt will open two Roth IRA's. Lindsay will contribute $250 a month into hers, and Matt will put $150 into his. By the time they retire, they will have $923,000!
financial: Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.
From The Oprah Winfrey Show This is the Year to Get Richer!
Published on January 01, 2006
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