@raemichelleplanners: Assumes you start with $0 invested. Here’s the math broken down: 🔹Option 1 👉🏽 $3,000/month invested for 28 years 🔹Option 2 👉🏽 $2,500/month invested for 30 years 👉🏽 One $5,000 vacation each year 👉🏽 $83/month invested for 18 years for your child Other assumptions: • 8% average annual return pre-retirement • 5% average annual return during retirement • 3% average annual inflation • You need retirement dollars to last you until you’re 85 • Monthly compounding Which would you choose? #budgetingtiktok #wealthbuilding #budgetingisfun

Rae Michelle Planners

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Monday 15 July 2024 18:01:32 GMT