Compound interest in regular investments maximizes wealth accumulation for retirement.
The article underscores the vital role of compound interest in wealth accumulation and retirement security. It emphasizes regular investments, such as superannuation contributions, to maximize growth over time. The author illustrates how a $100,000 investment can grow to $5.1 million by retirement age through disciplined saving. It also clarifies that withdrawals from superannuation after age 60 are tax-free and discusses the implications of switching pension funds.
September 22, 2024
6 Articles