Excuses, excuses. We all can come up with reasons why we're not saving for retirement. Do these two sound familiar?
Employer Investor Site
Have you thought about what it will it cost you to start later? Time equals money when it comes to saving.
This table shows how much money you could have in your retirement account if you started saving now, as opposed to waiting five years to begin*. To see the difference, simply enter your years to retirement, your income, contribution rate.
Enter years to retirement:
Enter your income:
Select contribution amount:
Amount saved if you start now*:
Amount saved if you wait 5 years*:
NOTE: Fund objectives, risks, charges and expenses should be carefully considered before investing. A prospectus containing this and other important information can be obtained by visiting the mutual funds section of Russell.com. Please read the prospectus carefully before investing.
*Assumption: 8% Rate of Return. Your actual rate of return will depend on asset allocation, funds selected and actual performance from now until retirement. This hypothetical example is for illustration only. The rates of return mentioned are not intended to reflect the performance of any actual investment. Investments do not typically grow at an even rate of return. Actual returns may result in a gain or a loss.
Products and services described on these websites are intended for Canadian residents only. Information on these sites should not be considered a solicitation to buy or an offer to sell a security to any person. Persons outside Canada may find more information about products and services available within their jurisdictions by going to Russell's worldwide site, http://www.russell.com.
Excuses, excuses. We all can come up with reasons why we're not saving for retirement. Do these two sound familiar?
