Sunday, April 14, 2013

Don’t Pay the High Cost of Waiting - Start Now!

Would you like to have $1 million saved for retirement? Start saving now! For every year you put it off, you pay the high cost of waiting.

For example, if you start saving $178 each month at age 25, you could have one million dollars at age 67. But, if you wait until age 35 to start, you’ll have to put away $451 each month. Wait 10 more years and start at age 45, you’ll have to save $1,212 each month. Get started at age 55, and you’ll have to save $3,880 each month. That’s 22 times more per month than if you’d started at age 25 – ouch! And if you wait 5 more years until age 60, you will have to save $8,589 each month!

Note to parents: Who says you can't start investing even earlier? By helping your kids to invest earlier than age 25, you can help them drastically reduce the amount that they would need to save each month to reach their million dollar goal!

Because of the power of compound interest, the sooner you start to save, the less you’ll have to put away to meet your goal. Don’t pay the high cost of waiting – start saving for retirement today!

I'm so excited to share this information with you. If you have enjoyed the information or feel that it would benefit someone else, please share it. If you have any comments, please post them below, otherwise, feel free to contact me.
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