The future value of an annuity is the total value at a future date of a series of equal periodic payments invested at a fixed rate. Used to project retirement account balances, savings plan outcomes, and investment portfolio growth.
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Pro Tip
Max out tax-advantaged accounts first (401k, IRA, Roth IRA) before taxable accounts. The tax savings compound alongside your investment returns, dramatically increasing your future value.
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Did You Know?
If you invest $500/month from age 25 to 65 at 7%, you accumulate ~$1.3 million. If you wait until 35 and invest the same amount, you get only ~$566k — about half, despite investing only $60k less. This is the cost of starting late.
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