Jul 31, 2020
How much you'll have for retirement by investing an extra $50 a month, starting in your 20s, 30s and beyond
This news has been received from: CNBC
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Small amounts of money can grow exponentially when you are investing for retirement.
Starting younger lets you take advantage of the power of compound interest. That means you get returns on the money you invest, and even better, returns on your returns.
Putting just $50 a month into a retirement account can nearly equal a six-figure payout when you are ready to retire.
CNBC crunched the numbers, and we can tell you how much investing an extra $50 a month now will yield when you are ready to retire.
Just a few things to remember: these numbers assume you put the money in a retirement account, you get a 4% return on your investments and that you will retire at age 67. Check out this video for a full breakdown of how large your savings will grow over time.More from Invest in You:
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.Related Tags
- Interest Rates
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News Source: CNBC
AP source: Jets to release G Brian Winters after 7 seasons
NEW YORK (AP) — The New York Jets are releasing right guard Brian Winters, a person with knowledge of the move tells The Associated Press.
The Jets will save $7.28 million — Winters’ entire salary due this season — on the salary cap.
The person spoke to the AP on condition of anonymity Sunday because the team hadn’t announced the move.
The 28-year-old Winters was the Jets’ longest-tenured player and had been mostly a solid starter for New York, which drafted him in the third round out of Kent State in 2013.
He finished the past two seasons on injured reserve. Winters had an abdominal injury in 2018 that he played through for most of the year, and a dislocated shoulder last year that limited him to nine games.
Improving the offensive line was a top priority for general manager Joe Douglas in the offseason. New York signed Greg Van Roten in free agency and he was expected to compete with Winters in training camp for the starting spot.
Winters started 12 games as a rookie, claiming the starting job at left guard after Vladimir Ducasse struggled. Winters maintained his hold on a starting job for the rest of his time with the Jets — but also dealt with his share of injuries, including a torn ACL in 2014. He became the full-time starter at right guard in 2016 and the Jets rewarded him with a four-year contract extension after the season.
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