Start Early
When you put money to work for you sooner, you let the power of compounding make a bigger contribution to your retirement investments. That's because your investment returns can build on each other – enough so that starting just ten years earlier can make a significant difference in your nest egg.
Don't despair if you're already well into your working years. Starting now is the best way to catch up. It's never too late to begin.
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This example shows the growth of an initial investment of $10,000 over 30 years versus a similar investment over 20 years, at an average annual return of 8%, compounded annually. The extra ten years may nearly double your investment.
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