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re: Tell me why my idea is dumb - retirement nest egg for future generations
Posted on 3/3/23 at 6:47 am to Asharad
Posted on 3/3/23 at 6:47 am to Asharad
This chart represents $10,000 invested for 40 years. Each line is a different starting year between 1871 and 1983, and tracks the investment based on actual historical data for that 40 year period.
This post was edited on 3/3/23 at 6:48 am
1
Posted on 3/3/23 at 6:52 am to Asharad
I should have started with $50k, since that's where the OP was asking. Here is the same chart for $50k.
Posted on 3/3/23 at 8:03 am to Asharad
So looks like the absolute WORST you would do is triple your money? Can you do 50 years as has been debated within the thread itself?
Posted on 3/3/23 at 9:34 am to LSU_historian
I’m in my early 30s and would gladly give up all the money I’ve paid into the SS ponzi scheme to date if I could just take that same mandatory paycheck withdrawal and invest it in my own investment fund.
Politicians will never do it but giving people a way to opt out and fund their own retirement is the only way to make sure money will be there when millennials are old enough to retire. I fully expect to pay into my entire life and then get told I make too much money to collect and my contribution wil have to go to people that smoked weed and sat on their asses all day or belong to one of thousands of manufactured “oppressed” groups that deserve the money more than I do.
Politicians will never do it but giving people a way to opt out and fund their own retirement is the only way to make sure money will be there when millennials are old enough to retire. I fully expect to pay into my entire life and then get told I make too much money to collect and my contribution wil have to go to people that smoked weed and sat on their asses all day or belong to one of thousands of manufactured “oppressed” groups that deserve the money more than I do.
Posted on 3/3/23 at 3:24 pm to UpstairsComputer
quote:
So looks like the absolute WORST you would do is triple your money? Can you do 50 years as has been debated within the thread itself?
Sure. See below. Your absolute worst scenario of tripling your money in 40 years equates to a 2.8% interest rate. Given inflation almost always higher than 2.8%, you actually lose money in the worst case.
Posted on 3/3/23 at 10:37 pm to LSU_historian
Man, I don’t know about y’all but a million dollars isn’t enough anyway. Certainly not what it used to be.
Posted on 3/6/23 at 1:33 pm to UpstairsComputer
quote:
If you don't count inflation, and you don't count returns, and you don't count the expenses of the people we need to help, and you don't count that taxation is theft, you're right though, this is a shining beacon of light.
The ONLY way any of the alternatives works is if no one has any bad luck or makes bad decisions...because as soon as they do they become a problem for those who do not. In an ideal world no one would become disabled, orphaned and would earn enough while working to meet their nut in retirement. Here in the real world the first two things happen frequently and the latter happens all too rarely. There are only 4 ways for folks to make their nut...working, on the dole or committing crime or some combination of these. Many can't work, many can't earn a living, unfortunatly too many won't...but they still going to have a nut every month and they are going to make that nut somehow. There ain't no free lunch.
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