- May 19, 2005
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I will re-read the whole article. I skimmed it then read most of the comments. It's actually more like 3.2 M I'm expecting to retire with at age 67. So the inflation thing is there but will not be as much of a concern
but what if coffee costs 100 dollars a cup and a toyota camry costs 250k? the compounding effects of inflation is very very serious. word to the people retired and complaining about things used to be 10 cents for a slice of pizza and what not.
That's true and that's why it is so important to start young so your money will have time to compound as well. I started when I was 19.
Interesting discussion you should make a thread about it.
compounded inflation> compounded savings especially when the interest rate is .1%