If that same 25 year
old young saver invests $ 4000 a year into a regular taxable savings account earning 8 % interest, he would grow a nest egg of $ 800,000 upon retirement (at the age of 65)-- assuming a 15 % tax rate.
Not exact matches
A rise is favoured most by
older voters who tend to be
savers, and feared most by
younger voters.
As a result, Canada's population has a growing proportion of
older savers and a shrinking proportion of
young borrowers.
And in fact, research shows that 401 (k) participants who own target funds are less likely to end up in portfolios with «extreme» allocations for their age — that is,
young savers with little or no equity exposure and
older investors with all or nearly all of their money invested in stocks.
Younger savers benefit more from seeking higher returns, while
older investors benefit more from increasing their savings rates.
Portfolio Strategies The Impact of Saving Versus Return on Wealth
Younger savers benefit more from seeking higher returns, while
older investors benefit more from increasing their savings rates.
Younger savers tend to choose a Roth IRA even more than
older savers.
The Retirement
Saver's Credit sounds like an
old person kind of tax credit, but, for the most part, it's really more of a
young person's credit and it gets totally ignored.
Owners of
older animals invariably report that their dogs act and feel years
younger due to the multiple areas targeted by System
Saver.