(Closed) Savings Plan

posted 6 years ago in Money
Post # 3
6123 posts
Bee Keeper
  • Wedding: August 2012

@amazingbee:  I saw another chart of Person A contirubing $2,000/year ages 18-25 (so a total of 7 years), then Person B didn’t start contiburing until age 35 and went for 20 years.  Person A had more money at the end due to compounding interest!  I forget the exact numbers honestly, but the message was to show the beauty of compounding interest and starting EARLY.  Every high schooler should see it.

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