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Chris Larsen explains why starting early with savings matters. He breaks down the accumulation issue: maxing out tax-deferred accounts, post-tax accounts, and overfunded insurance vehicles can compound dramatically over time.
Chris Larsen explains why starting early with savings matters. He breaks down the accumulation issue: maxing out tax-deferred accounts, post-tax accounts, and overfunded insurance vehicles can compound dramatically over time.
I know one of the things that you help your investors do as they plan is to put their savings on autopilot. What are some tips that investors that listeners can use to put some of these early steps in place so that they start to accumulate money? Because, you know, we know that time is your friend if you start early, but it's your enemy if you start too late.
It's called the accumulation issue. That's nor does people on earth use every accumulation vehicle available to them. Some are going to be tax deferred, some are going to be post tax, some are going to be like overfunding insurance policy. You're going to borrow from it. Whatever those vehicles are, try to learn how to max them out.
