Retirement at risk: Who’s falling short
By on Jul 31, 2007 in Finances
How would you feel about doubling or tripling your 401(k) contributions?
Original post by Technology news - Business 2.0 Magazine
Current ArticleBy on Jul 31, 2007 in Finances
How would you feel about doubling or tripling your 401(k) contributions?
Original post by Technology news - Business 2.0 Magazine
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1 Comment(s)
By vtabletop on Nov 26, 2007 | Reply
Well, the first question that comes to my mind is ‘double or triple in how many years’ ? and if it’s a short duration ,is that really possible ? From what I know, the average number of years that it takes to double a substantial amount of money is 11 years .Yes, if it does exceptionally in the high risk investments then it could be brought down by a significant portion , but would a pensioner like to risk his money in such a scheme when he knows he can’t replace that money if he loses it ? I daresay no. However, if tripling is a possibility while not taking any untoward risk at that age ,then there aren’t many who would want to be left out either.