My Average Debt Negotiation Client: What would $70,000 Savings in a Retirement Account Grow to?

In the example below, I projected an average savings of $70,000 for my average client over the next 17-18 years by using our debt negotiation program versus making minimum payments on their unsecured debt. Would not this savings be better in a retirement account?

Using a 10% average compounded return which is historically correct for a balanced stock portfolio, my projections say that this average client could build a retirement nest egg of $148,000 by investing the savings from our debt negotiation program, rather than paying the credit card companies 17-30% rates over the next 17 years.

This of course assumes that this client never uses credit cards and other unsecured debt again, which of course is our advice.

We ourselves have made this commitment, as we would rather enjoy this nest egg of $148,000, rather than be out $70,000. That is a swing of $218,000. Is it any wonder that we are warned consistently about the dangers of credit cards and other secured debt?

Roger would be happy to show and explain these projections with you. Call 941-320-0818 for a consultation.