Throughout the years, life expectancy in the U.S is on the rise with it being approximately 79 years of age. This figure will continue to increase, thanks to improving technology.
Many seniors are worried about outliving their funds, due to longer life expectancies and high inflation.
But, there is one simple way to prevent this from happening. All it takes is to start investing as soon as possible.
Thanks to compound interest, investing earlier, even small amounts, can make a huge difference. For example, a 25-year-old who invests $100 per month in a Roth IRA, and earns a 12% pre inflation annual return, will end up with a nest egg around $1,000,000.
Waiting just 10 years later to invest would result in a nest egg of $300k, a $700k difference.
Get A Head Start On Investing With A Fidelity Youth Account!
Teens as young as 13 can start investing with a Fidelity Youth Account.They can start investing with as little as $1 and buy standard investments like stocks, bonds, and mixed, low cost ETFs in fractional amounts.
They can save even more money since there are no account fees, minimum balances, ATM fees or other surprise fees.
Open a Fidelity youth account today to receive $100 and $50 for your child.
The Fidelity Youth Account can only be opened by a parent/guardian. Account eligibility limited to teens aged 13-17.
¹Limited Time Offer. Terms Apply. Before opening a Fidelity Youth Account, you should carefully read the account agreement and ensure that you fully understand your responsibilities to monitor and supervise your teen’s activity in the account.
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Image and article originally from www.benzinga.com. Read the original article here.