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People can live a long time which can turn relatively modest investments with average returns into significant wealth. 21 to 101 is 80 years and cost dollar ave
by Retric 2y ago
People can live a long time which can turn relatively modest investments with average returns into significant wealth. 21 to 101 is 80 years and cost dollar averaging kicks in.
Sure you could call a long life and decent job luck, but a lot of people live into their 90’s.
- jongjong 2y agoWhat do you call living to be 90 years old, if not very lucky? Again, luck.
- Retric 2y agoYou can do a lot to improve your odds of hitting 90 vs what actuarial tables show. Baseline may only be 15% but a very healthy lifestyle can get close to 50/50 which isn’t some major stroke of luck.
- jongjong 2y agoI work too hard and not rich enough to live to 90. I'm quite sure of that. Unfortunately, in my reality, I need to work extremely hard just to make ends meet which isn't enough surplus to offset the health problems I'm creating for myself.
- Retric 2y agoI’m sorry you feel that way. Personally I radically reduced living expenses to get out of that kind of situation, but I understand every situation is different.