2007-02-03 03:06:40 · 4 answers · asked by Anonymous in Social Science ➔ Psychology
I'm gonna help a little with this one.I'm sure a million dollars sounds like a lot of money and today it is,but if a younger person wants to retire in 35-40 years from now they will need about 1 to 1.5 million to even maintain the life style that they have now through their retirement years.
2007-02-03 03:19:01 · update #1
Hopefully not. Early on, I made some investments outside of my regular retirement benefits. But, who knows? With the way things are going, it will probably be just enough for me to "get by".
2007-02-03 03:16:48 · answer #1 · answered by JOURNEY 5 · 0⤊ 0⤋
It is possible because of both of the Bush Administrations...
But probably not... Because I collect artifacts and antiques.
The only form of currency in the world that actually goes up in value over time and has no monetary fluctuation between Country of origin that makes any real difference meaning you can buy something English or Japanese or American and it is just as valuable if not more, anywhere you try to sell it.
Antiques...
You can always sell them when you need cash and the rich always want them.
2007-02-03 12:08:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, because:
A) I live in Canada and my employer contributes to my retirement fund
B) I'm 21 and I've had an RRSP for five years
2007-02-03 12:43:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No - I save hard and my pension will be good. That's what savings and good investments are all about
2007-02-03 11:10:43 · answer #4 · answered by Kate J 4 · 0⤊ 0⤋