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Sounds good, though 100k in 25 years would be like 30k in purchasing power.
by cko 9y ago
Sounds good, though 100k in 25 years would be like 30k in purchasing power.
- throwaway8800 9y agoWouldn't it be more like $60K?
- cko 9y agoIf you believe in the 2% inflation figure put forth by the government, yes. So let's say it's $60k, before taxes. Seems like a bummer, do you think?
- throwaway8800 9y agoYes, it would be a bummer if you think you are getting $100K. But I'm hoping that people who are competent with their savings have some understanding of inflation's effects on their savings.