tiescore: If you can invest that in a Roth IRA using the Rule of 72: Invested at an 8% return you'll have $10,000 at 31, $20,000 at 40, $40,000 at 49, $80,000 at 58, $160,000 at 67… so probably about 10%-ish of what you'll need to retire, already banked before you even get started on adult life. Plus, everything until you spend it will be TAX FREE!
Yes but try to add to it as offen as you can, even if it's only $10. The next time try for $12. My wife and have been doing that until we retired back in 2005
Depends on the rest of your financial life. Do you have a car? wife? kid? already through college? steady job, or was it a gift / inherited? etc.
Yep its alot of money lucky you
It's approx. $5000 more than I had at that age. GOOD JOB !!
Yes it is.