Precious Timber – Nature’s Very Own IRA

When asked, Albert Einstein stated that the most powerful force in the universe was compound interest; nuclear reaction – no; compound interest – yes. And if you tried this experiment as a kid you would quickly realize just what he was stating. Simply take a calculator and start with one penny; now double that penny 30 times. The final number is astounding -- over 10 million dollars. Now, let's play the same game but factor in the influence of the bureaucratic system. After you double the number, subtract 40% to represent taxes on the gain. The new number, after the same 30 days, will result in just over $65,000. That's right 10M or 65K; which would you prefer?



