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The Power of Compounding

The Power of COMPOUNDING STARTING EARLY WORKS TO YOUR ADVANTAGE. And the earlier you start saving, the more powerful that advantage can be. AMBER AGE 30 CARLA AGE 45 Starts Investing Starts Investing $50 $100 from her from her biweekly paycheck biweekly paycheck $45,500 INVESTED OVER 35 YEARS $52,000 INVESTED OVER 20 YEARS ASSETS AT AGE 65 AMBER $186,169 CARLA $110,420 $50 $100 starts starts Assumes hypothetical 7% annual investment return, which is not representative of the investing investing performance of any investment. AMBER SAVED OVER $75,000 MORE THAN CARLA. START EARLY SAVE OFTEN • BE CONSISTENT Maximize the power of compounding. This article is general in nature and does not constitute legal, tax, or investment advice. SunTrust makes no warranties as to accuracy or completeness of this information, does not endorse any companies, products, or services described here, and takes no liability for your use of this information.

The Power of Compounding

shared by SunTrustBank on May 02
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It’s not always easy to save money for the future when you have pressing financial demands today. But saving now can make it easier to reach your long-term goals, thanks to the power of compounding:...

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SunTrust

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Category

Economy
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