Tip of the Day

When to Invest

by InvestorGuide Staff
If you want to invest, invest now. Generally, every six years you wait doubles the required monthly savings to reach the same level of retirement income. If you contributed some amount each month for the next nine years, and then nothing afterwards, or if you contributed nothing for the first nine years, then contributed the same amount each month for the next 41 years, you would have about the same amount due to compounding.