8/8/2015 – You only get one shot at retirement: Plan accordingly (The Washington Post)

Aug 08, 2015 Comments Off by

 A few things come up repeatedly when you ask retirees what they would do differently. One of the biggest regrets, of course, is not saving enough, especially when they were young. The power of compound interest is critical in retirement — you would have so much more in that retirement account had you been serious about saving in your 20’s or 30’s and not waited until your 40’s or, for some, their 50s. (For example, $10,000 invested at 4 percent with compound interest becomes $14,802 in 10 years. That $10,000 turns into $48,010 over 40 years.)

Read the full article in The Washington Post.

 

Financial Landing 2015

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