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I saw an article about "revenge saving" the other day. One idea is if you can at least sock away a few thousand dollars in a retirement account, you know it'll
by MilnerRoute 1y ago
I saw an article about "revenge saving" the other day. One idea is if you can at least sock away a few thousand dollars in a retirement account, you know it'll double in value every 10 years, and by the time you retire should be worth 8 times as much.
- scarface_74 1y agoNot at 40….
- al_borland 1y agoStarting at 40 is better than starting at 60.
- MilnerRoute 1y agoIf you assume 7% gain, it doubles in value every 10 years. So, at 50 it's 2x, at 60 it's 4x, and at 70 it's 8x.