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A comment on New institute aims to make Toronto an ‘intellectual centre’ of AI capability. Parent comment

Re:New institute aims to make Toronto an ‘intellectual centr... by lewisl9029 on Thursday March 30, 2017 @12:01AM (#13992778)
If we take into account the time-value of money (which would be natural since we're talking about savings/investments that are subject to inflation and compound interest), higher income + higher COL remains favorable even if the cost of living ratio remains constant upon retirement.
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Re:New institute aims to make Toronto an ‘intellectual centr... by davidgay on Thursday March 30, 2017 @01:40AM (#13993201)
Hmm, no. Each per-year saved amount is compounded by the same multiplier k after N years (assuming the same interest rate), so if you start with 1.5x more, you end up with 1.5x more.
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Re:New institute aims to make Toronto an ‘intellectual centr... by lewisl9029 on Thursday March 30, 2017 @01:54AM (#13993245)
You're totally right. I clearly wasn't thinking straight when I made that comment.

There is still plenty of inherent value in accumulating wealth at a faster pace though.

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