POWER OF COMPOUND INTEREST
ONLY IN IUL
SAFE GUARD OF OUR RETIREMENT
WEALTH BUILDING BY ALLOCATION IN YOUNG AGE AND WHEN 401 k or Stock Market is down
@COOLBOO when I was first taught about compound interest the example given was 10% for sitting in a savings account.
Hurts knowing a savings account in 1990 gave you returns. It’s literally like burning 5% of your money a year today.
@HellaFish Very different, how the bank is no longer afford on such percentage 5 to 10%. It is a new game today then 10-2
30 years ago. Today Life Insurance on Index, they offered a better safe guard for losses. IUL on a better year is 6.8% as in 2021. Same as Annuity.
If we want our money to double...take a 72/6.8% = 10.5 years...so a moral story is invest and start in early year.
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