Re:What a $1M Retirement Looks Like in America
by ashwagary on Tuesday December 27, 2022 @05:27PM
(#34154721)
>$1m in the right assets could become $4m in youre scenario with the same purchasing power of the $1m before inflation.
Yes, the "place bets in a rigged casino to beat inflation" strategy.
A terrible idea for people over 50 that are looking for a rock solid retirement solution but when the government is robbing savers, one of the only options.
$1m in the right assets could become $4m in youre scenario with the same purchasing power of the $1m before inflation.
In reality, you’ll probably lose some value though because the people holding cash that now have far less purchasing power, which torpedoes demand. Still better to be in assets than cash though.