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Money and Finances
Reply to "How much do people have saved for retirement?"
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[quote=Anonymous][quote=Anonymous]People keep forgetting 401k withdraws are taxable. And they won’t grow in future like in the past. I have 401ks from my youth I barely put much into. But it was DOW 2700 and it has gone up 10x. I put a lot more in it today but I would need the DOW to go to 270,000 to equal a 10x return. [/quote] LOL. Dow is a price weighted average. Companies don't split stock like they used to, hence the Dow stays quite hogh these days. Not really a useful metric since it doesn't look at market cap, which is what really matters. [/quote]
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