Retirement

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Compound Interest: The Growth Engine for Your Retirement Plan

In this post, I want to discuss one of the best-kept and most powerful secrets in the world of investing: compound interest. Unlike simple interest, which only generates returns on the original capital, compound interest generates returns on previously accumulated earnings, thereby accelerating capital growth over time. The earlier you start investing, the more effective …

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Roth IRA vs. Traditional IRA: A Simple Guide

When planning for retirement in the USA, two popular types of individual retirement accounts (IRAs) are the Roth IRA and the Traditional IRA. Understanding their differences can help you choose the right one for your financial goals. What is a Traditional IRA? A Traditional IRA is a retirement savings account where you can contribute pre-tax …

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