SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · 1 year agoUS Question. Will the people that have to wait until 70 to get Social Security ever get what they paid in to it back out before they die since men's life expectancy is only 77 now?message-squaremessage-square54fedilinkarrow-up1150arrow-down16file-text
arrow-up1144arrow-down1message-squareUS Question. Will the people that have to wait until 70 to get Social Security ever get what they paid in to it back out before they die since men's life expectancy is only 77 now?SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · 1 year agomessage-square54fedilinkfile-text
minus-squareAnamnesis@lemmy.worldlinkfedilinkarrow-up33arrow-down2·edit-21 year agoNo average year of IRA return will beat the 6.8% interest or more that a lot of us are paying on student loans debt.
minus-squareastraeuslinkfedilinkarrow-up10arrow-down1·1 year agoLiterally the old people stealing the wealth of future generations
minus-squareleadore@kbin.sociallinkfedilinkarrow-up2arrow-down1·1 year agoBefore that you had to work until you died or couldn’t physically do it any more and starved.
minus-squareEatYouWell@lemmy.worldlinkfedilinkarrow-up2·1 year agoOver the lifetime of the investment account, it should outperform the interest you’re paying. You don’t want to track your retirement investments from year to year since the market constantly fluctuates, but it’ll still trend up 6-9%.
No average year of IRA return will beat the 6.8% interest or more that a lot of us are paying on student loans debt.
Literally the old people stealing the wealth of future generations
Before that you had to work until you died or couldn’t physically do it any more and starved.
Grateful we aren’t at that point again, yet.
Over the lifetime of the investment account, it should outperform the interest you’re paying. You don’t want to track your retirement investments from year to year since the market constantly fluctuates, but it’ll still trend up 6-9%.