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General Finance – Roth Account Growth

Q: I’ve had a Roth account with alliance BERNSTEIN for over 12 years. Shouldn’t it have grown by more than $2000.00 even if I haven’t been able to contribute anything to it? I am looking to start putting in at least $50.00 per week this year. 

 

A: The market has had a very nice run the last 5-6 years but the S&P 500 has averaged an annual return of approximately 5-6% each year over the last 12 (with many highs and lows I might add, it hasn’t been a straight line by any measure). Returns specific to your portfolio have many factors including how much you started with, your investment goals and objectives, your security selection, and time line of funds. So it’s hard to say if $2,000 is a good return or not. If you started with $1,000, then it’s a great return. If you started with $100,000, then not the greatest.  I assume given that it’s a Roth IRA it’s probably in the ballpark of $5,000-10,000 in which case, that’s a pretty fair return.

 

Regular contributions, as you mentioned starting this year, are a great idea to grow the portfolio over the long-term in a tax efficient way.

 

Hope this helps and please let us know if you have any questions.


 

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