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Whatever your investment goal, starting early puts time on your side. And as the illustration below shows, time is a powerful ally.
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Who's the winner?
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| Sue contributes $2,000 each year, from age 23 to age 30, to a retirement plan earning 10% compounded annually. She stops making contributions at age 30 and lets her savings compound for an additional 35 years. At age 65, Sue has: |
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John delays his decision to invest until he is 30. He then invests $2,000 a year for 35 years to the same retirement plan earning a fixed 10% compounded annually. At age 65, John has: |
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By starting early, Sue is the winner!
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Putting time on your side can put more in your pocket. Talk to a financial professional today about starting your investment program or stepping up your current investment efforts.
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| Rates of return are hypothetical, assume no withdrawals and do not represent any particular investment. |
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