Starting Early Matters!Submitted by Rob Slezak Capital Choice on July 25th, 2018
HYPOTHETICALLY, IF MARY’S PARENTS SET UP A $1000 INVESTMENT AT A 9% ROI THAT WOULD BE DISPERSED TO HER AT AGE 67, SHE WOULD RECEIVE:
- If invested when Mary was born? ………….. $406,446
- If invested for Mary on her 16th birthday? ….. $96,822
- If invested for Mary on her 40th birthday? ….. $11,256
What type of savings or retirement do you want for your family?
Above rate values are at age 67 and for illustrative purposes only and do not represent an actual investment. This example uses a constant rate of return. Actual investments will fluctuate in value. The illustration does not include fees and taxes that would lower results. The 9% rate of return is a nominal interest rate compounded on a monthly basis.
Investing entails risk including loss of principal. Shares, when redeemed, may be worth more or less than original value.