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Originally Posted by rowan
You're forgetting tax, and more importantly, inflation... a 2% interest rate will probably not be enough to keep the value of your capital consistent over time.
Less of a concern if you don't plan to die with the equivalent of $1m in the bank though...  |
Yes.. and more important were talking Dollars here..
1 mil with lets do something outrageous: 3% interest is $ 30k a year
= 25k Euro something a year? Thats not decent living in Europe and it will
be below poverty 10 years from now..