[Buttons12]

A ONE TIME investment of $8,000 (less than buying a car) made before turning 24 years old - yields $202,715 RV fund for retiring at age 66. Assuming 8% compounded interest... over 42 years. Do the math

The math part is easy.
I'm fairly sure that when I'm 24 I'll be just as leery of banks as I am right now. Assuming banks will do their part for the next 42 years? Nah! So much can go wrong in 4 decades.

[GOPJ]

Banks are a waste of time - - go with an IRA with Vanguard... One advantage is you subtract what you ‘save’ with Vanguard from your income... (You don’t pay taxes on the money you contribute)/ Another advantage is they have one of the lowest expense ratios in the industry.

https://personal.vanguard.com/open-account/oax/app/psptlanding#/