In addition to compounding, investment performance will affect retirement income. Compounding is so powerful that even a small increase in your monthly savings rate now can make a big difference over time.*

This illustration is hypothetical and not indicative of the performance of any specific investment.

Wash Sales
If you’re looking for some tax deductions by selling stock on which you’ve got a loss be sure you don’t do what is called a wash sale. One way to reduce income taxes is to sell investments that you own on which you can deduct a loss. It’s important however not to incur what the IRS calls a “wash sale”. A wash sale occurs when you sell stock or securities at a loss and, within 30 days before or after that sale you directly or indirectly buy substantially identical stock or securities. The deduction of the loss won’t be allowed...Read More