Starting early pays more

The sooner you start to save the better. By starting now, you won’t have to put as much money away to achieve the same amount as someone who starts ten years after you.

Take a look at the difference – Terry starts to save at age 25 contributing $1,000 every year for 10 years. While Chris starts saving at age 35; contributing $1000 for 30 years. Chris still can’t catch up to Terry – it really pays to start early!

  Terry Chris
Starts contributing at age 25 35
Annual contributions $1,000 $1,000
Number of years contributing 10 30
Total contributions $10,000 $30,000
Total accumulated value at age 65 $157,435 $122,346

Assumptions: Contributions made at the beginning of each year, compounded annually, at an 8% rate of return.

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Contact Us

For all general inquiries,
please contact us at

1.888.707.2911

custserv@barfinancial.com

If you would like to
contact a particular office
or individual, please
click here.

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