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D'Arcy Barker, B.Sc., REBC
Advice:





RESP's | Economic Commentary | Mutual Funds

THE VALUE OF TIME
When you invest money, time is one of the most important factors that determine whether "enough" money is accumulated in order to achieve a particular goal. The other two factors are amount invested and rate of return. However, time is one of the easiest factors to change.

The following table shows the value of time in accumulating an amount of $200,000. If you were to retire TODAY, $200,000 would provide an ongoing income of approximately $1500.00 per month. This calculation does NOT account for any inflation protection:

AGE MONTHLY DEPOSIT REQUIRED

ACCUMULATED FUND AT AGE 65

20 $31 $200,000
30 $76 $200,000
40 $192 $200,000
50 $548 $200,000
60 $3323 $200,000

(EXAMPLE ONLY! Assumes registered savings at 8.5% compound interest)



Do you want information on specific investment options? Do you want to conduct a no-obligation risk analysis for yourself? Do you wonder whether your current portfolio is right for you?

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