Is Compound Interest Hurting You? | Phil Town



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Compound interest is powerful, but you must start taking advantage of it early on in your life. Einstein called it the “8th wonder of the world.” Today, I discuss some of the advantages of compound interest, a few pitfalls, and how it could be hurting you. http://bit.ly/3bC5bCj

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Timestamps

00:00 – Intro
00:19 – Advantages of compound interest
01:25 – Rule of 72
04:10 – Disadvantages of compound interest
06:08 – Question

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Roth IRA Account Is Better Than Traditional Accounts

You should consider investing in the Roth IRA funds because of several benefits. If you have already made investments in other traditional IRAs, you may think in the term of considering the change or conversion to the Roth IRA accounts. If you are enjoying a different retirement benefit plan sponsored by your employers, you can also plan to accept another investment through Roth IRA due to its advantages.

Women Should Be Careful to Make Their Retirement Days Secure

Women have advanced by leaps and bounds in every field of life. The economical status of women has improved significantly and is in par with that of men. With due respect to men, it has to be said that today women stands shoulder to shoulder with men and in many instances have proved more capable, responsible and hard working than men.

Women and Roth IRA

Women are much more cautious in handling money than men. Whether it is household expenses or investment plans, women think twice before spending money. It is a natural tendency of women.

Simplified 401K Withdrawal Rules

401K is the name given to a specialized sort of savings account in the United States which is offered by any employer to his employee in order to accumulate legitimate funds for their existence post retirement from the job. The accumulated funds here are tax exempted & are taxable post retirement.

Roth IRA and Its Advantages

Planning your retirement is a very important step. You need to balance and stabilize your financial future. Many have questions about different retirement plans that you hear about quite often.

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