Retirement in Your 20s
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@FortNikitaBullion exactly. When they say you lose money by keeping cash by inflation, best plan is to buy silver and gold now, and cash that in when you retire to get the same amount of value that you did at the time you bought the gold/silver.
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Save just $10 a month, if nothing else. Buy a small silver coin at the coin dealer once a month. This gives you a little momentum. It doesn't have to be much. It's the attitude that matters more than anything.
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show me where you get 8% interest
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thats what i was thinking
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All that, and only an extra 175k when you retire? That 175k is peanuts now, it will be a joke that far into the future. Seems to me that the money is far more useful in the here and now, and can become a lot more than 175k later if you know what you're doing.
Starry2000 3 years ago 3
It's a great thought, if you have enough income, and the pension fund is still there when you retire.
davidnightingale 3 years ago