Time Is On Your Side
Lynn R. Siewert AIMC
Pension Consultant | Branch Manager
Advanced Corporate Planning, Vancouver, Washington
Consider the savings habits of this 20-year old couple. The wife starts putting $2,000 per year into a tax-deferred investment when she is 20. After 10 years, she decides to stop investing and just let her money grow until she retires. The husband decides to start investing when his wife stops. He invests $2,000 a year in a tax-deferred investment from the time he is 30 until he retires at age 65. If they both earn 8% on their savings, who will have more money at age 65?
Time and compound interest favor the wife. She will have $462,648 at age 65, while her husband will only have $372,204.
Use time to your advantage -- start saving early!
This example is provided for illustrative purposes only and is not
intended to project the performance of a specific investment vehicle.
Investing involves risk and you may incur a profit or a loss.
Lynn Siewert is the Principal of Advanced Corporate Planning and Branch Manager of the Vancouver, Washington Office of Supervisory Jurisdiction, Licensed through First Allied Securities, Inc. Member NASD/SIPC.
NOTE:
ALL information contained in this site is for illustration purposes only, and by NO means should be considered individual tax or legal advice under any circumstances whatsoever!
Lynn R. Siewert AIMC
Pension Consultant | Branch Manager
CA Insurance License #00B00579
2005 E. Evergreen Blvd
Vancouver, WA 98661
Ph: 360-750-9626
Securities Offered Exclusively Through
First Allied Securities, Inc. Member NASD/
SIPC
All other products and services provided exclusively through Advanced Corporate Planning
This site is published for residents of the United States only. First Allied Securities' Financial Advisors may only conduct business with residents of the states for which they are properly registered.
Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the
United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local First Allied Securities office for information and availability.
© 2008 Advanced Corporate Planning
All rights reserved
Lynn R. Siewert AIMC
Pension Consultant | Branch Manager
Advanced Corporate Planning, Vancouver, Washington
Consider the savings habits of this 20-year old couple. The wife starts putting $2,000 per year into a tax-deferred investment when she is 20. After 10 years, she decides to stop investing and just let her money grow until she retires. The husband decides to start investing when his wife stops. He invests $2,000 a year in a tax-deferred investment from the time he is 30 until he retires at age 65. If they both earn 8% on their savings, who will have more money at age 65?
Time and compound interest favor the wife. She will have $462,648 at age 65, while her husband will only have $372,204.Use time to your advantage -- start saving early!
intended to project the performance of a specific investment vehicle.
Investing involves risk and you may incur a profit or a loss.
Lynn Siewert is the Principal of Advanced Corporate Planning and Branch Manager of the Vancouver, Washington Office of Supervisory Jurisdiction, Licensed through First Allied Securities, Inc. Member NASD/SIPC.
Lynn R. Siewert AIMC
Pension Consultant | Branch Manager
CA Insurance License #00B00579
2005 E. Evergreen Blvd
Vancouver, WA 98661
Ph: 360-750-9626
Securities Offered Exclusively Through
First Allied Securities, Inc. Member NASD/
SIPC
All other products and services provided exclusively through Advanced Corporate Planning
This site is published for residents of the United States only. First Allied Securities' Financial Advisors may only conduct business with residents of the states for which they are properly registered.
Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the
United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local First Allied Securities office for information and availability.
All rights reserved