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Convince Your Kids to Save in a Language They Understand: Beer

Posted By Life Tuner On August 21, 2012 @ 1:45 pm In Money & Savings | Comments Disabled

Over at LifeTuner [1], we were pretty proud of our infographic that depicted the power of compounding interest [2], but we may have just been outdone.

The folks over at RothIRA.com [3] have put together a great graphic that shows how saving small early can lead to big gains by converting dollars into a more attractive retirement goal: a giant tower of beer.

The savings rate is a little on the small side ($1/day), so throw in a tidbit about being able to save enough for a Lake Huron-sized tub of nachos if they contribute to an employer 401(k) plan, as well.

The RothIRA.com Awesome Tower of Beer [4]
From: RothIRA.com [5]


Article printed from AARP: http://blog.aarp.org

URL to article: http://blog.aarp.org/2012/08/21/convince-your-kids-to-save-in-a-language-they-understand-beer/

URLs in this post:

[1] LifeTuner: http://www.lifetuner.org

[2] the power of compounding interest: http://lifetuner.org/blog/archive/2012/06/25/save-at-least-10-infographic/

[3] RothIRA.com: http://www.rothira.com

[4] Image: http://www.RothIRA.com/tower-of-beer

[5] RothIRA.com: http://www.RothIRA.com/

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