True Wealth A New Model for Wealth and Happiness (Dallas, TX)

True Wealth A New Model for Wealth and Happiness

True Wealth A New Model for Wealth and Happiness By Josh Zemel Where have you heard this before 1) Save as much as possible. Starting as early as you can in your career put away as much as you can every month in market-based investments (like stocks funds 401Ks and real estate) that will grow over time. 2) Sit back and watch as thanks to the magic of compounding interest your nest egg grows exponentially over time. 3) Based on on all that asset growth enjoy a safe secure comfortable retirement decades down the road. If this plan was ever sound it s not any more. Stock market growth has exceeded inflation by less than 2% over the past 16 yrs -- roughly a 3rd of a typical worker s career. Real estate on average has performed only slightly better. What s more incredibly few Americans are actually following this advice. The mean retirement account balance for working-age households is just 3 000 and just 12 000 for near-retirement households....