Effects of Saving Over Time
Many retirees frequently say their biggest regret is that they did not start saving earlier. Make time work in your favor with the power of compounding. Compounding is the process in which an asset’s earnings are reinvested to generate additional earnings over time.
By committing to a savings plan early, you can leverage the power of compounding. This means the money you invest in the RSA-1 Deferred Compensation Plan will continue to earn tax-free monies over time. Reinvesting these monies results in additional funds being earned year-after-year.
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