Financial Intel Monthly

Crowdfunding - Capital for the 21st Century

Feb 3, 2020 4:00:00 PM / by The Retirement Group posted in CAM Annuity, Chevron, ERB, ESRO, ExxonMobil, Financial Planning, Hewitt, In Service Withdrawal, Lump Sum, Northrop Grumman, Option 1 Withdrawal, Pension, Pension Options, Retirement, Retirement Planning, Verizon, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG, Crowdfunding

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One of the earliest examples of crowdfunding occurred in 1884 when funds ran short for building the Statue of Liberty’s pedestal. The publisher Joseph Pulitzer used his newspaper to appeal to Americans to donate the money needed to complete the pedestal’s construction. Over $100,000 in six months was raised from more than 125,000 people.(1)

But it took the Internet to truly put the wind in the sails of this unique form of fundraising. According to the World Bank, crowdfunding in developing countries alone will reach nearly $100 billion by 2025.(2)

Crowdfunding Roots

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