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Reply to "Two Million Dollar 401ks"
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[quote=Anonymous][quote=Anonymous]Because everything is so much more expensive now. For example, food price has doubled since the pandemic. Your one million dollar at retirement translates only to $40k per year, which isn't much as you can imagine.[/quote] Food prices went up 11% in 2022 and 5% in 2023. Yes, things like eggs went way up because of avian flu but have come back down. Over two years that’s a cumulative of about 18% which is very high but not double. There is no doubt that retailers and manufacturers are taking higher margins. You can save money by buying store brands and shopping at places like Aldi. [/quote]
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