[Venturer]

You can save your ass off, but with savings accounts and CD’s paying 0.10 % on your money it aint going to be enough.

[EVO X]

You can save your ass off, but with savings accounts and CD’s paying 0.10 % on your money it aint going to be enough.

Hopefully it is not going to be like that forever. For someone that is young and in a low tax bracket, they should be putting everthing they can into a Roth IRA..

[ProtectOurFreedom]

Don’t forget that 0.1% is the nominal return. The real return (accounting for inflation) is NEGATIVE 3%/year. In a short 23 years, HALF of your savings are wiped out. At 5%/year, it takes only 14 years and, after another 14 years, you are left with 1/4 of your initial stake.