I will contend to anyone who will
listen to me that whatever they thought their retirement account,
whatever type of account it is, it worth less than they think it is
worth.
Let's start with the fact that they
Federal Reserve has been printing money hand over fist. They think
that it is proping up the economy. That might be the truth but the
more money that is printed, the less the money is worth. Therefore,
if your account has one-million dollars in it that one-million
dollars is possibly worth half the amount in tha account is worth.
In general, one-million dollars today
is worth what one-million dollars was worth in 1990. It is worth 17.8
percent less today ($567,047.75).
The people need to pay attention to
their retirement accounts.
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