Val Ferns Financial Advisors

Hello Good People, I’m getting a lot of request for making Wills. It makes me happy to know that you all have understood how important it is to have a Will for the sake of your child(ren). Not property, not money but our precious kids. Some of the benefits of having a Will are:
* Appoint a guardian for minor children
* Expedite the legal process
* Reduce stress and heartache for loved ones
* Specify funeral wishes

I’m also sure there are those who think about it but it just doesn’t come on their priority list.

So, If you are interested in getting your Will done, you can call or text me on 6156185067.

Due to COVID-19, I am currently only doing online appointments. Call / text to fix an appointment and I’ll navigate you through the entire process.

Do it not for you but for your LOVED ones.

Save now; enjoy retirement later

If you've yet to start saving for retirement, make 2020 the year you ramp up. That's because the more time you give yourself to grow your savings, the more you'll get to take advantage of compounding growth.
Compounding is the concept of earning interest on previous interest. When you invest your retirement savings and make money on your investments year after year, you get to reinvest those gains in full rather than lose a portion of them to taxes along the way . As such, you get to make additional money from those gains. The following table illustrates how compounding in a tax-advantaged retirement plan can help you accumulate wealth:

If You Start Saving $300 a Month at Age: Here's What You'll Have by Age 67 (Assumes a 7% Average Annual Return):
22 $1.03 million
27 $719,000
32 $498,000
37 $340,000
42 $228,000

Giving yourself a 45-year window during which to save gives you more opportunity to capitalize on compounding than by waiting. In our example, saving $300 for 45 years means contributing $162,000 out of pocket. But thanks to compounding, that $162,000 ultimately turns into over $1 million. Saving $300 for 25 years, on the other hand, means contributing $90,000 out of pocket and ending up with $228,000. That's still a decent gain, but nowhere close to the gain we considered a moment ago.