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“Wow, where do I start? Cowdell Insurance is a lifesaver. When my job stopped providing health insurance I called Jeremy and he immediately had 3 different quotes. My old car insurance rate was sky high when my teenage son started driving. Jeremy and Jon Cowdell found me affordable car insurance that fits my budget. They are superb. As for Mr. Kim Cowdell, founder of Cowdell Insurance, he is a prince. My son was broadsided in an accident in Las Vegas. The responsible insurance did not want to fix the mechanical damage. Mr. Kim Cowdell immediately went to bat for us and got the insurance carrier to fully fix my son's car. Fantastic service!!!! Perfect Insurance Company--Great people, wonderful service, affordable products. Thank you Cowdell Insurance you are THE BEST” —Kyle H.

The Cost of Waiting

Compounding, or compound interest, is interest computed on the accumulated unpaid interest as well as on the original investment. The chart below compares two 25-year-olds who both contribute $200 per month to their company retirement plan and receive an 8% annual rate of return compounded monthly. Cynthia contributes for 10 years and then stops.Todd waits 10 years and contributes until his retirement at age 65. Even though Todd contributed more money than Cynthia, his savings will never catch up with hers because her money earned interest for 40 years compared to his 30.

  Annual
Savings
Age Started
Saving
# Years
Contributed
Amount
Contributed
Accumulation
at Age 65
Cynthia $2,400 25 10 $24,000 $368,183
Todd $2,400 35 30 $72,000 $298,072

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