No. of Recommendations: 0
PS - And we haven't begun to talk about what that $100k will actually buy 30 years from now.

If one expect to earn 7% on the Cable TV savings, it seems reasonable inflation might be 3.5% - which over 30 years is merely a factor of 2.806

That means an item which cost $35 today would cost $98.24 -- hence the nice $100K pile of money will melt away a bit faster - like 2.8 times faster.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.