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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 it’s 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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