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	<title>New answer on: Why Is It Important To Start A Retirement Plan As Soon As Possible?</title>

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		<title>By: Steven Gates</title>

		<link>http://insurancelibrary.com/retirement-plans/why-is-it-important-to-start-a-retirement-plan-as-soon-as-possible</link>

		<dc:creator>Steven Gates</dc:creator>

		<pubDate>Fri, 06 Sep 2013 15:43:45 +0000</pubDate>

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		<description><![CDATA[A columnist for Fool.com, Morgan Housel, just wrote a terrific article on this topic titled, An Open Letter to Everyone Under Age 30. He describes why the best estimate for what stocks will return over many decades is 6.6% per year, and then goes on to put some real numbers to what 6.6% growth means: Every dollar saved by a 20 year old for the 45 years until retirement will grow to be worth $18.50. Since a 30 year old only has 35 years until retirement, each dollar saved will only be worth about $9.60.

As Housel says, &quot;Saving a little bit of money when you are young can be a more efficient way to build wealth than saving a lot when you&#039;re older.&quot;]]></description>

		

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		<title>By: Steve Savant</title>

		<link>http://insurancelibrary.com/retirement-plans/why-is-it-important-to-start-a-retirement-plan-as-soon-as-possible</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Fri, 06 Sep 2013 15:23:42 +0000</pubDate>

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		<description><![CDATA[Albert Einstein was fascinated over the mathematical power of compounded interest over time. The sooner you start saving for retirement the better. The consequences for procrastination are expensive and will dictate the lifestyle you&#039;ll lead in retirement. A retirement plan is essentially paying yourself first. Social Security may be inadequate, so it&#039;s up to you to fund your own retirement, starting today.]]></description>

		

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