Here is an excerpt from Kathy Armstrong’s recent Q&A in Authority Magazine. To read ALL of the insights she shared, click the link below and read the full interview on “Investing During the Pandemic; What Should I Do With My Money Considering All of the Volatility and Uncertainty Today?”
Authority Magazine: You are a “finance insider.” If you had to advise your adult child about five non-intuitive essentials for smart investing, what would you say?
Kathy Bays Armstrong: Put time on your side: To have $1 million by age 65, you would only need to invest $4 a day, or $1,440 a year, if you start at age 20. If you wait until you are 50, though, you would have to invest $95 a day, or $34,200 a year, assuming a 10 percent annual return.
Click HERE to read the full article.
*Kathy Armstrong is a Financial Planner with Heritage Financial Consultants, offering comprehensive financial planning services through Lincoln Financial Advisors Corp., a broker/dealer (Member SIPC) and registered investment advisor. Heritage Financial Consultants LLC is not an affiliate of Lincoln Financial Advisors. CRN-3052201–042120