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Money and Finances
Reply to "Two Million Dollar 401ks"
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[quote=Anonymous][quote=Anonymous][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] Doubled? In 4 years? Definitely gone up a lot but let's not go crazy here. Got a gallon of milk yesterday for $3 and 12 eggs for $1.50. And you need to hit a retirement calculator before you say $1 million is $40k/year. The money will grow, of course.[/quote] Funny you only picked the cheapest milk and eggs. I know it has doubled for me because I rarely spent more than $100 each week at Costco before pandemic. Now I rarely spend less than $200 with the same type of stuff. For example, a pack of 40 bottles of water was $3 pre-pandemic and is now $7.39.[/quote] Why are you buying 40 bottles of water a month?[/quote]
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