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re: Help me with my IRA understanding

Posted on 10/29/17 at 10:07 am to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 10/29/17 at 10:07 am to
quote:

Billboards all over town with the banks advertising 2000$ year in an IRA and retire a millionaire. Rates came back to reality and shattered that dream.


The problem is that if inflation had remained as high as it was then, $1 million in 30 years wouldn't have been worth much.
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