[quote=CA renter]I left out the opportunity cost because during this time period, returns on investments were very unstable. Many people have lost tremendous amounts of money while very few have made much in the 2004-2010 time period. As of this point, the Fed still has interest rates pegged at zero, so at best, someone could get 2-3% on liquid money — and that’s going to be taxed. 🙁
I’m just trying to make the numbers as realistic as possible. Making assumptions about future returns in a volatile environment is what got all the large pension funds in such trouble.[/quote]
There could’ve been other investments w/the money. I don’t know. Some business venture, some stocks. Heck, wish I would’ve bought some gold back in 2004. I’d be doing okay today.
