When $21,000 Exceeds $102,000 - How's That Work? Do you know the Rule of 72? How Long Will It Take for Your Savings to Double? The Power of Compound Interest The High Cost of Waiting Time is Money When $21,000 Exceeds $102,000 How's That Work? If you think putting off saving for your retirement for a few years won't make much of a difference, take another look. By starting early and giving your money the opportunity to grow over time in a tax-deferred account, you'll put yourself at a huge advantage in securing the kind of future you deserve. Back to top

Do you know the Rule of 72? How long it will take for your money to double is easy to calculate using the Rule of 72. Simply divide 72 by the percentage of interest you earn on your savings. If you're not pleased with the answer, start investigating other options that pay a higher rate of return. Back to top How Long Will It Take for Your Savings to Double? Back to top

The Power of Compound Interest What a Difference a Percentage Makes! When you earn interest, your account balance continues to grow. In time, you actually earn interest on your interest! Even one percentage point can make a huge difference in the long run. Look at this chart to see what happens to a $1,000 investment over 40 years... The hypothetical illustration is intended to demonstrate compounding at various rates and is not intended to illustrate the performance of any actual program. The hypothetical illustration shows constant rates of return, whereas, actual rates of return may fluctuate. Account values were obtained by using a nominal rate compounded monthly. Contributions are made at the beginning of the period. Back to top

The High Cost of Waiting Don't Make This Mistake! The biggest mistake you can make is assuming you don't have any money to save. If you earn an income, it's simply a matter of how you're spending it. You can put some money aside each month - if you make saving for your future a priority. The longer you wait the more money you will need to save each month to make up for lost time. The hypothetical illustration is intended to demonstrate compounding at various rates and is not intended to illustrate the performance of any actual program. The hypothetical illustration shows constant rates of return, whereas, actual rates of return may fluctuate. Account values were obtained by using a nominal rate compounded monthly. Contributions are made at the beginning of the period. Back to top

Time is Money If you begin saving for your retirement early in your life, you'll have to put aside much less money each month. If you wait until you're nearing retirement, the amount you'll need to save each month could be near impossible. The illustration at right shows you how time really is money. The hypothetical illustration is intended to demonstrate compounding at various rates and is not intended to illustrate the performance of any actual program. The hypothetical illustration shows constant rates of return, whereas, actual rates of return may fluctuate. Account values were obtained by using a nominal rate compounded monthly. Contributions are made at the beginning of the period. Back to top