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This should be your first investment

Mar. 3, 2015 CNN Money

Today’s young adults face huge financial obstacles, with huge amounts of student loan debt, difficulties in getting good jobs, and overall lack of confidence about their future.

The last thing most young people are prepared to do is to start thinking about laying the groundwork for accumulating wealth decades into the future.

Yet if you have at least some income from work and can only afford to make a single move to save for your financial goals, the first thing you should do is to open a Roth IRA or contribute to a Roth 401(k) at work.

Even small amounts invested in a Roth right now can build up to huge riches over time, and even if you can’t fully appreciate the value of future wealth, your future self will definitely thank you in the long run.

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