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re: Dave Ramsey Facebook Tip Of the Day
Posted on 10/21/22 at 9:08 am to lsu13lsu
Posted on 10/21/22 at 9:08 am to lsu13lsu
quote:
Does $600 a month invested really work out to $500k in 20 years or $1.5M in 30 years? Anyone else check that math?
You would need to average 10% return over that entire time period.
Looking at the S&P 500 for the years 1992 to 2021, the average stock market return for the last 30 years is 9.89% (7.31% when adjusted for inflation).
2
Posted on 10/21/22 at 9:46 am to seawolf06
quote:
You would need to average 10% return over that entire time period.
Looking at the S&P 500 for the years 1992 to 2021, the average stock market return for the last 30 years is 9.89% (7.31% when adjusted for inflation).
That's another thing I hated when I would listen to DR. He would use 10% in his calculating people's retirement projections. That's pretty damn aggressive for a guy who is insanely conservative about saving.
He also tells you which funds you should put your money in for retirement then also says you need a fiduciary. Why do I need a FA if you're telling me exactly where to put my money? It makes no sense. He's got to be getting kickbacks in some way for those advisors that he recommends.
Posted on 10/21/22 at 1:43 pm to seawolf06
quote:
Looking at the S&P 500 for the years 1992 to 2021
Why stop in 2021?
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