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Living general
Saving for pension? - amazing power of compound interest!
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<blockquote data-quote="Model 800" data-source="post: 488074" data-attributes="member: 6392"><p>Indeed, notwithstanding the magical effect of compound interest which requires an ongoing high-yield investment environment to remain optimal, one needs to remember that drastic changes to the tax code, together with serious inflation, can severely upset such well laid plans, even when the savings period was debuted very early on in a person's life. And in the most dire of cases it can all go to naught with the advent of hyperinflation (see the Wiki entry on this topic, together with the associated historical examples).</p></blockquote><p></p>
[QUOTE="Model 800, post: 488074, member: 6392"] Indeed, notwithstanding the magical effect of compound interest which requires an ongoing high-yield investment environment to remain optimal, one needs to remember that drastic changes to the tax code, together with serious inflation, can severely upset such well laid plans, even when the savings period was debuted very early on in a person's life. And in the most dire of cases it can all go to naught with the advent of hyperinflation (see the Wiki entry on this topic, together with the associated historical examples). [/QUOTE]
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Saving for pension? - amazing power of compound interest!
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