cryptoripto123

cryptoripto123 t1_ir3dyv5 wrote

Reply to comment by r0ndy in [Image] | There is no “one size that fits all” in life by thisisbarbie

Reddit is next to terrible in terms of financial planning. Most people here will sit here and make excuses forever about how they can't afford to save. Even $20 / month ($9600 gross in 40 years) turns into $77k or so after 40 years of compound growth. It's sad most people don't realize how important this is in the face of inflation.

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cryptoripto123 t1_ir3dgka wrote

Reply to comment by [deleted] in [Image] | There is no “one size that fits all” in life by thisisbarbie

> Financial projections from my manager show I will be AT BEST completely broke within 3 years of retirement

Yeah then your financial plan is a failure. Make more so you can save more. If you can only save enough to survive for 3 years that's an absolute failure. You're not even 30 as you said, so you have at minimum 30 more years of working, and that's the best you can do? Or your projections are totally off.

Just so you know, $20 / month translates into $70-$80k in 40 years. Even after inflation that should be $30k or so in today's dollars.

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