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Compounding: time’s potential power

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Conville, Bobby 2014.jpg

Why is time of the essence? The sooner you begin saving — even small amounts — the better your chance of reaching your retirement goals.

Consider the following example that shows how much waiting to invest can cost.
Put time on your side.

Let’s assume hypothetical Investor A invested $1,000 per year for 10 years, beginning at age 30 and reinvested his returns (interest, dividends, capital gains) back into his account.

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