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401k/IRA income comes from the market, just as property value does. So in a roundabout way, you are benefitting from the economy as a whole and the earnings of
by legitster 3y ago
401k/IRA income comes from the market, just as property value does. So in a roundabout way, you are benefitting from the economy as a whole and the earnings of others. (Not to say that it's bad, but Baby Boomers are going to reap much more from this than previous generations).
> Many of these retirees are providing unpaid daycare to grandchildren, unpaid assisted living service to other elder family members, or volunteer positions in the community.
Agreed! But at a much lower rate on average than 40hrs/week!