Gen Z: What Retirement Would Look Like if You Began Investing $100 a Week Today

Core Insights - Financial decisions made by Gen Z today are crucial for their future wealth, emphasizing the importance of early and consistent contributions to retirement savings [1] Group 1: Investment Potential - Investing $100 a week could lead to approximately $1 million by retirement, and with a well-diversified stock portfolio, this amount could exceed $3 million due to the power of compound interest [2] - Starting to invest in one's 20s provides a significant advantage, allowing for multiple opportunities to double profits over time [3] Group 2: Investment Strategy - Experts recommend using conservative return estimates while also being open to taking risks, as younger investors have longer time horizons [4] - A suggested planning rate of return is 7%, although historical data indicates returns of 8% and above are achievable with commitment [5] Group 3: Optimal Investment Accounts - Weekly contributions grow most effectively when directed into tax-advantaged accounts like 401(k) plans or Roth IRAs, which allow for tax-free growth until retirement [6]