Put Your Pizza Money Towards Your Retirement Fund
Saving for retirement can be overwhelming, but there are ways to put aside small amounts of money every month that WILL make a difference!
Contributing hundreds of dollars per month may not be an option for you. Know that every penny you contribute to your retirement savings can make a significant impact on the total amount of money you have to live the life you want during retirement. Also keep in mind, the sooner you start the better. Below are a few ideas that can help your retirement grow without breaking the bank in just 15 years.
A contribution of $25 per month, the cost of a pizza, could purchase a vacation in retirement. After 15 years with interest, this would equate to approximately $5,669.
A contribution of $50 per month, the cost of a mani/pedi, could purchase a home remodel in retirement. After 15 years with interest, this would equate to approximately $11,339.
A contribution of $75 per month, the cost of a round of golf, could purchase a sailboat in retirement. After 15 years with interest, this would equate to approximately $17,009.
A contribution of $100 per month, the cost of tickets to a special event, could purchase a car in retirement. After 15 years with interest, this would equate to approximately $22,679.
A contribution of $125 per month, the cost of a pair of athletic shoes, could purchase a timeshare in retirement. After 15 years with interest, this would equate to approximately $28,349.
A contribution of $150 per month, the cost of a shopping trip, could help with one year of living expenses in retirement. After 15 years with interest, this would equate to approximately $34,019.
Let the savings begin!
This information is intended for information purposes only. Any reader understands that Apex Benefit Group is not providing legal advice, tax advice, or professional services. This article serves to offer practical information regarding the subject matter and is not a comprehensive resource.
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