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re: Anyone ever think about legacy?
Posted on 1/25/15 at 6:20 pm to anc
Posted on 1/25/15 at 6:20 pm to anc
quote:
If my kids invest that $5 MM wisely, it could easily be $100 MM to their kids after 40 years.
To go from 5 to 100 in 40 years requires an 8% annual return, and that assumes they never touch either principal or interest the entire way - in other words, they'd still better have decent day jobs until they retire to pay the bills. Keep inflation in mind as well.
A more realistic value might be $15-20 (in inflation-adjusted dollars) - still pretty good though.
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