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Chart of the Day: Invest Early, Save Often

Crews Bank & Trust Wealth Management Services Nov 28, 2023
bar chart shows better age to start saving at in green

Contents

There are three big factors that influence investments one has by retirement: how much, what investments, and how long. Today’s Chart of the Day from the Motley Fool shows the importance of the third one, how long. One dollar saved at age 20 is worth $18 at age 65; that same dollar saved at age 32 is only half of that at $9. This is a good post to share with anyone you know who is younger and starting their investment journey. I like to say to 20-year-olds, “The extra $10,000 you want to spend on that new car will cost you $180,000 someday.”
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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