1 / 88

Smart Investing: Build Your Emergency and Retirement Funds with Compound Interest

Learn how to effectively organize and grow your financial health with our comprehensive guide on emergency funds and retirement savings. Understand the impact of compound interest, starting with a $300 transfer from your emergency fund. Discover strategies for saving $3,000 annually over 30 years, and see potential earnings increase from various interest rates. With chapters covering budgeting, banking basics, credit, and savings tips, this book empowers you to take control of your financial future and achieve effective retirement planning.

gavivi
Télécharger la présentation

Smart Investing: Build Your Emergency and Retirement Funds with Compound Interest

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. http://tinyurl.com/3vcjtkj

  2. http://tinyurl.com/3vcjtkj

  3. Organize Save Progress

  4. Net Worth

  5. EMERGENCY FUND

  6. $300transferfromemergency fund

  7. RETIREMENT FUND

  8. CompoundInterest

  9. $3,000 savedx 2.5% interest--------------------$75 interest 1st year

  10. $3,075 1st year + $3,000 2nd yearx 2.5% interest--------------------$151 interest 2nd year

  11. $3,075 1st year + $3,000 2nd yearx 2.5% interest--------------------+ $151 interest$6,226 saved in 2 years

  12. $3,000 each yearx30 yearsx2.5% interest---------------------$135,000

  13. $3,000 each yearx30 yearsx4% interest----------------------$175,000

  14. SMART INVESTING SERIES Chapter 1: Your Financial Fitness Chapter 2: Designing Your Budget Chapter 3: Banking Basics Chapter 4: Establishing Credit Chapter 5: Credit & Identity Theft Chapter 6: Controlling Debt Chapter 7: Tips for Daily Savings Chapter 8: Saving for the Future

  15. Individual Retirement Accounts IRS.gov/retirement

  16. Traditional • Paycheck • IRA $ • -------------- • = Gross pay • - taxes • Roth • Paycheck • - taxes • -------------- • = Gross pay • IRA $

  17. Traditional Age 59.5+ Withdraw $ - taxes

  18. $5,000 Under age 50 $6,000 over age 50

  19. Withdraw $$$ Any Age

  20. Withdraw tax free Over age 59-1/2

  21. $5,000 yearly IRA x 20 years ------------------------ $100,000 plus interest

More Related