CONLON CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN
Why You Should Participate
When it comes to retirement, time is money.
A Lifetime of Saving
Earn Interest on Interest: Start Early
Compounding is the process of generating more return on an asset's reinvested earnings. To work, it requires two things: the reinvestment of earnings and time. For younger investors, it is the greatest investing tool possible, and the number one argument for starting as early as possible.
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Sample scenario:
See How Starting Early Can Benefit You!
Participant A Saving $100/month ($20/week) for 36 years = $234,138 Participant B Saving $200/month ($40/week) for 18 years = $93,730
Note: assuming an 8% annual rate of return and both contributing $43,200.
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