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INVESTMENTS

If you invested $10,000 in a conservative investment twenty years ago with an interest rate averaging just 5% per year, that account would be worth $27,126.40 today.

 

If you had the same investment but added $500. each month, that investment would be worth $232,643.23 today.  Again, this is with a very low interest rate of 5%.

New guys, if you invest $1,000. on day one of your career and add $300. per month in an investment averaging 7% per year, on the day of your retirement (assuming a twenty-five year career) you will have $270,446.63.  A quarter of a million dollars is a nice retirement gift.

Twenty-five years of service is a long time.  For those who are disciplined and plan well, it can mean much luxury at retirement.  The key is investment.

This page is designed to help plan your investments. 

You don't have the money?  Baloney.  There are always ways to find some extra money from refinancing your mortgage to changing your work tax status.

Once you have allocated some money, you have to decide on investment vehicles.  Options include an IRA, a Keogh Plan, a Roth IRA, a money market fund, stocks, bonds, mutual funds, etc.

Below we have provided some example results of investments.  They should give you a good idea of what can be accomplished.  Below that, are some links to mortgage calculators, financial calculators and other online investment tools.  You can use them to research based on your own financial situation.

 

 

 

A Look at Compound Interest over Various Time Periods
No Periodic Contributions
Initial
Investment
Years Rate
of Return
Without
Interest
With
Interest
$10,000. 5 5% $1,000. $10,283.72
$10,000. 10 5% $1,000. $10,651.10
$10,000. 15 5% $1,000. $20,119.54
$10,000. 20 5% $1,000. $20,726.13
$10,000. 25 5% $1,000. $30,499.58

 

Conservative Investment
Initial
Investment
Bi-Weekly Deposit Years Rate
of Return
Contribution w/o Interest Contribution with Interest
$1,000. $100. 10 5% $27,100.00 $35,508.24
$1,000. $100. 15 5% $40,100.00 $60,335.84
$1,000. $100. 20 5% $53,200.00 $92,484.76
$1,000. $100. 25 5% $66,200.00 $133,477.58

 

More Aggressive Investment
Initial
Investment
Bi-Weekly Deposit Years Rate
of Return
Contribution w/o Interest Contribution with Interest
$2,500. $200. 10 7% $54,700.00 $80,612.26
$2,500. $200. 15 7% $80,700.00 $145,421.62
$2,500. $200. 20 7% $106,900.00 $238,186.25
$2,500. $200. 25 7% $132,900.00 $368,924.62

 

Aggressive Investment
Initial
Investment
Bi-Weekly Deposit Years Rate
of Return
Contribution w/o Interest Contribution with Interest
$5,000. $250. 10 10% $70,250.00 $125,645.53
$5,000. $250. 15 10% $102,750.00 $249,020.03
$5,000. $250. 20 10% $135,500.00 $454,224.56
$5,000. $250. 25 10% $168,000.00 $790,235.95

 

How to save One Hundred Grand
Initial
Investment
Monthly
Deposit
Rate
of Return
Time to Reach
$100,000
$1,000 $250. 5% 19 Years
$10,000 $250. 5% 17 Years
$1,000 $500. 5% 12 Years
$10,000 $500. 5% 11 Years

 

While the numbers seem great, you still need to do your research.  Morgan Stanley, Schwab, Goldman Sachs, TD Waterhouse, and Fidelity are some of the full-service firms.

Online you have Ameritrade, ETrade, Scott Trade, etc.

These are just some of what is out there.  The full service firms can help you decide which investments are right for you.  The online firms offer great research tools, but the big investment decisions are up to you.

Below are some online tools that will help you research different scenarios based on your financial ability.  We will be updating this page as we find more useful information and resources.

 

Google

Interest Tools
I invest a lump sum in an interest-bearing account.  I want to see the numbers over the years.

I have a certain amount taken from my paycheck each week.  I want to see the numbers.

I'm thinking about refinancing my mortgage.  What would my savings be with a lower interest rate?

 

Related Information

Current Police & Fire Mortgage Rate

 

Investments

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