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<blockquote data-quote="simme" data-source="post: 1670214" data-attributes="member: 40418"><p>And start early. I remember hearing a tale of two brothers. John started saving $100 a month when he was 25 years old. He was only able to contribute for ten years, but left the money invested and never withdrew until he was 65. Twin brother Jim saw that his brother was starting to accumulate some savings and decided that he should start saving as well. Jim started saving $100 dollars a month when he was 35 years old and continued that $100 dollar investment until he was 65 - thirty years of contributions. Who had the most money when they retired? The guy that started 10 years earlier and contributed for only 10 years ends up with more money.</p></blockquote><p></p>
[QUOTE="simme, post: 1670214, member: 40418"] And start early. I remember hearing a tale of two brothers. John started saving $100 a month when he was 25 years old. He was only able to contribute for ten years, but left the money invested and never withdrew until he was 65. Twin brother Jim saw that his brother was starting to accumulate some savings and decided that he should start saving as well. Jim started saving $100 dollars a month when he was 35 years old and continued that $100 dollar investment until he was 65 - thirty years of contributions. Who had the most money when they retired? The guy that started 10 years earlier and contributed for only 10 years ends up with more money. [/QUOTE]
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