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Time Is On Your Side When it comes
to investing, the power of time can make a little go a long way.
By starting to save now, you have the potential to build a
sizable nest egg for your retirement years.
Although its often hard to consider tomorrow when you are
facing the financial obligations of today, it is important not
to let time slip away.
While you may be faced with a stack of bills or the prospect
of financing a car or home, long-term financial planning may be
a critical concern.
Even saving a small amount each month may make a big
difference in the long run. Consider the hypothetical example
below. Starting a savings program at age 25 may help you build a
larger nest egg than if you waited until age 35 to begin.
|
Time Makes a
Difference |
|
Starting at: |
Age 25 |
Age 35 |
| Monthly
Investment |
$150 |
$150 |
|
Total
Investment |
$72,000 |
$54,000 |
| Value at
Retirement |
$605,798 |
$247,606 |
|
The Cost of
Waiting: |
$358,192 |
|
This
hypothetical illustration assumes monthly investments end
at age 65 and accumulation with tax-deferred annual return
of 8.5%. This is a hypothetical example only and is not
indicative of the performance of any particular
investment. |
As you can see, beginning to save early makes sense. I can
get you get started with an investment plan and help you put the
power of time to work for you.
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