“Ever hear of the rule of 72?”
It breaks down in a zero interest rate environment.
“Actually, if every dollar I ever gave to social security was put in a modest bond fund, I’d have MUCH more than $1,000,000.”
And if you had a pony, well.......you’d have a pony.
“It breaks down in a zero interest rate environment.”
Go for dividends instead. At least you get a respectable and rising return.
>>And if you had a pony, well.......you’d have a pony.<<
My point was clear, and a response to someone saying that a person who put money in it their whole life does not deserve a collective $1,000,000 in retirement. They actually would have significantly more if they had put it in low risk investments.