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Ithaca, New York 14850
607-255-4405
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A Message from Your
Workshop Leader
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"and now you know the rest of the story"
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Mark and Mary
started saving for retirement 40 years ago. They both
saved-invested $3.33 a day ($100/month). Today (after 40
years) Mark has $196,857 and Mary has $1,030,970.
How could this be? Mark placed his money in conservative safe
investments CDs, bonds, and averaged a return of 6%. Mary
invested her money in mutual funds.
Mary's annual return was 12%. She was able to use the concept
of "compounding," where she reinvested the earnings on her
investments and these earned additional earnings. With the
magic of compounding, Mary was able to earn more than five
times what Mark earned.
What can we learn from this
story? The consequences of our savings-investment decisions
have enormous impact over time based on how basic concepts of
saving and investing were utilized.
You can do it too,
and our workshops will start you on the path to a financially
sound and comfortable retirement. |
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