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Message: <blockquote data-quote="Flipx99" data-source="post: 4391344" data-attributes="member: 562352">1. Saving $16,000 in one year is no easy feat for many people on this forum.2. You can't "put money in a roth ira". It is a legal holding account. Within a roth ira, you may purchase a variety of securities, including mutal funds.3. You have no idea of when he will retire, his risk profile, asset allocation, etc. Just dropping $16k in any mutual fund may or may not yield a rate of return that results in $2MM by the age of retirement. Furthermore, $2M may or may not be a signifcant sum at the time of retirement.</blockquote>

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