Life’s Example Of How Retirement Income Is Done
From the desk of Wayne N. Schwartz, RFC Relevance age 30-52 Think of it this way: The money you put away today (this year) for retirement tomorrow (30 years away) will be used one time in the future. EXAMPLE If you are 35 years old and save $500 per month ($6,000 per year), this money has a probability of growing to $48,000 * in 30 years which will then be used for ONE YEAR OF RETIREMENT INCOME. One year of savings is needed for one...
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