Given that our Federal Reserve is strip-mining the middle class and savers with zero nominal interest rates (and negative real rates) $1 million in a “safe” investment, like a year-long CD, will earn you approx. $5000 per year.
Our financial masters, in a bid to keep their member banks afloat and profitable, and keep massive-government’s social-engineering schemes viable - have made it impossible for anyone who earns wages to retire.
Kill the Federal Reserve - it is an evil organization.
Great idea, not going to happen.
You can do fine even with the Federal Reserve. Waste of time to even think about it since it’s here and not going away.