Saving a Million Dollars with Kids?
Is it possible to save $1 Million with kids? Yes its possible but difficult. At twenty five years of age, one would have to save approximatety $3K a year and earn at least 9% compounded annually. At 65 they would have a little over a million dollars. The stock market over the long term has averaged 9-10 percent a year. The challenge in saving is the ability to resist spending accummulated funds. Did you know that seven out of ten Americans have saved less than $50,000 for retirement?
You should seek a tax or investment professional for details.
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Here to serve you –
The Mitchell Bowman Team
http://themitchellbowmanteam.com
