

What Your 401(k) Can Look Like in the Next 20 Years
Or consider this example from Peter J. Creedon CFP®, ChFC®, CLU®, chief executive officer of Crystal Brook Advisors, New York, N.Y. "A 25-year-old who invests $5,000 a year with an 8% average annual return for 43 years should have approximately $1.65 million. If you started saving 10 years later and invested $5,000 per year with the same 8% average annual return, after 33 years the result is approximately $729,750. Not magic, just the time value of money. The 35-year-old woul


Entrepreneurs: You’re in the People Business
For many aspiring entrepreneurs, they’re enticed by the idea of being their own boss, by making their own schedules, and by being in control of their financial destinies. They don’t have a clock to punch, nor do they have a boss to answer to. Since they’re going to be in charge, they can create whatever company culture they please. They have complete control. When it comes to taking the leap from employee to entrepreneur, or even college student to entrepreneur, every entrepr