Accumulating resources for education, marriage expenses, housing purchase, and retirement (living life working in their purpose).
Time is an important asset and tool for building for the future.
This phase has the most potential for gain because time is a priceless weapon.
The Power of Compound Interest:
What did Albert Einstein consider to be the greatest invention ever invented?
"Compound Interest"
Albert Einstein suggested the power of a penny doubling as the world's greatest invention.
The earlier that you begin to allow compound interest to work for you the better.
Why not start today?
Benefits:
A set guaranteed survivor benefit (cash) amount, tax free to beneficiary
No Risk of loss of principal
Tax deferred growth on gains
Tax free withdrawal, money is taxed before entering the program
No penalty on withdrawals made before age 59 and a half.
Option for income stream for life (self funded pension)
Question:
How early is too early to begin planning for the purchase of a home, cost of your child's wedding, education (private school or college), or retirement?