Closing the Gap
A monthly podcast, specifically for State of Missouri employees, where the MO Deferred Comp Plan provides tips and strategies on how to 'close the income gap' in retirement.
Closing the Gap
Compounding Interest Explained
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MO Deferred Comp Plan
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Season 1
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Episode 6
What exactly is compounding interest? How does it work? And why should you care about it? In this episode of Closing the Gap, Kate Kuse – a financial education professional for the MO Deferred Comp Plan – does a deep dive into this topic and answers common questions about one of the most powerful tools in personal finance—compounding interest.