Chipotle Mexican Grill, Inc. (CMG), eBay Inc (EBAY), and One Big Reason You Need a Roth IRA

QUALCOMM, Inc. (NASDAQ:QCOM) Next-generation mobile networks are based on a technology developed by Qualcomm. By holding the patents on this technology, the company collects royalties from smartphone and tablet makers, like Apple Inc. (NASDAQ:AAPL), who use it. And Apple Inc. (NASDAQ:AAPL)‘s adoption of QUALCOMM, Inc. (NASDAQ:QCOM) chips in its iPhone has helped the company jump in the chip sales rankings and represents a growth driver for Qualcomm. Qualcomm provides shareholders a unique opportunity to invest in the entire mobile trend without having to bank on one particular device manufacturer.

The benefit of owning QUALCOMM, Inc. (NASDAQ:QCOM) stock in a Roth IRA means that you could’ve avoided nearly $2,700 in taxes on a $5,000 investment made a decade ago, again assuming 15% tax rates on capital gains.

Of course, no one can predict how these stocks will fare in the coming years. But if they live up to their lofty growth potential, these stocks can help you avoid paying a lot of money to Uncle Sam.

Foolish bottom line
Time is running out, so don’t let this important deadline slide past you. Make the time to fund your Roth IRA today. By doing so, you’ll be one step closer to safeguarding your financial future.

The article 1 Big Reason You Need a Roth IRA originally appeared on Fool.com and is written by Nicole Seghetti.

Fool contributor Nicole Seghetti owns shares of Apple. Follow her on Twitter @NicoleSeghetti. The Motley Fool recommends Apple, Chipotle Mexican Grill, and eBay. The Motley Fool owns shares of Apple, Chipotle Mexican Grill, eBay, and Qualcomm.

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