Begin Providing for Your Future
Anyone familiar with the
time value of money knows that even small amounts, when compounded over long periods, can result in thousands, or even millions, of dollars in additional
wealth. This simple truth is one of the reasons many financial planners recommend tax-advantaged accounts and investments such as
traditional /
Roth IRA’s and
municipal bonds. In the past, these decisions were not as crucial because of the prevalence of defined-benefit pension plans. Today, those old-world pensions are going by the wayside at many U.S. firms; instead, most of today’s workforce is likely to find their retirement years funded by the proceeds of their
401k retirement plan.
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