Compound interest is something that has really become a topic at the forefront of financial strategies. You get a lot of money over a long period of time since it compounds in an exponential manner. It’s often depicted as an exponential curve which really gets you value after a long time. However, you have to realize that compound interest computations take into account a lot of hypothetical scenarios.
Learn more about compound interest in this podcast.
Disclosure: Joseph Biondilillo, Financial Representative of The Guardian Life Insurance Company of America (guardian). New York, NY, BiondFinancial/Biondilillo Financial Group, LLC, is not an affiliate or subsidiary of Guardian. Guardian, its subsidiaries, agents and employees do not provie tax, legal or accounting advice. Consult your tax, legal or accounting professional regarding tour individual situation. 2019-78010 Exp. 5/21