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Waiting even one year to start investing can cost you a lot of money over the long run. The younger you are, the more you potentially stand to lose! Achieving your long-term financial objectives, which may include home ownership, funding your child's education, and retirement planning, is one of many possible advantages of investing. If you do not feel you need to start investing toward your long-term financial objectives, see what can happen if you wait. The table below illustrates the cost of waiting to invest when contributing $200 per month to a tax-deferred retirement plan.
| Your age when you start |
Your retirement plan balance at 65 |
Cost of waiting one year |
25
26 |
$648,361
$598,017 |
$50,344 |
35
36 |
$283,523
$260,204 |
$23,319 |
45
46 |
$114,532
$103,731 |
$10,801 |
It's never too late to start investing towards your long-term financial objectives! If you have been putting it off, there's no time like the present to start.
Contact your financial advisor today to learn how Delaware Investments can help!
This is a hypothetical illustration based on a contribution of $200 per month to a tax-deferred retirement plan assuming an 8% rate of return and retirement at age 65. It is not indicative of any particular investment or performance.
This information is intended to provide general investment education and is not intended to provide investment advice. It is not intended to represent the actual performance of any fund in the Delaware Investments family. For more specific information on how to allocate your investment savings plan, please contact your financial advisor or Delaware Investments.
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