Financial Wellness: How Long will Your Money Last?June 1, 2018
Are You Prepared for an IRS Audit?June 4, 2018
Contributing to your employer’s retirement plan as soon as you’re eligible is crucial to meeting your retirement goals. The earlier you start saving, the more time compounding interest has to work on your behalf. Putting off contributions today means increased contributions to reach the same goals tomorrow.
Shane, Maria and Nadia are each beginning their retirement savings journey today and each wish to accumulate $300,000. How much do they need to contribute to meet their goal?
Shane25 years old
Needs to save: $93/month*
Maria35 years old
Needs to save: $210/month*
Nadia45 years old
Needs to save: $520/month*