Steward of the Rock
TB Veteran
- Credits
- 688
So you are saying that your $10,000 investment would be over a 42 year period? You do of course realize that that comes up to like $4.58 per week invested for 42 years. And you are saying that $4.58 a week for 42 years would be worth $800,000.00?NO!! 401K doesn't work that way. It's not a one-time investment. It's a set percentage from each paycheck matched at some rate by the employer. Dollar cost averaging over decades will make anyone wealthy in retirement.
I agree that your initial investment of $10,000.00 in 1980 would now be worth $800,000.00 and probably even higher. But, you will have to explain to me how $4.58 a week over 42 years will be worth $800,000.00. Remember to talk slow so this ‘ole simple minded Arkansan can understand it.