Compound Interest

Retirement is one of those unique financial goals where you can benefit by saving less earlier, compared to saving more at a later date. By maximizing on the most valuable element, time, you can ensure that even a little savings will go a long way. To help illustrate the capabilities of time, and the interest it compounds, Exchange Bank of Northeast Missouri would like to share a simple story:   We start with two people, Jane and John. Jane starts saving for retirement at 25, contributing Read More