The Power of Compounding
The power of compounding emphasizes the profound impact of small contributions over time. If offered a million dollars or a penny that doubles every day for 30 days, would you choose the million dollars? Many would, without realizing that smaller amounts can become large amounts over time. Similarly, many Americans have the power of compound interest working against them as unpaid taxes are compounding within their retirement accounts.
Ready to diffuse this tax time bomb in your retirement savings? Contact our office at 516-294-5287 to schedule a visit to discuss ways we can help cut your taxes now and into the future.