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submitted 5 months ago by Burstar@lemmy.dbzer0.com to c/canada@lemmy.ca
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[-] Bye@lemmy.world 3 points 5 months ago

If you save money for retirement you’re ideally selling gains off of that money. Like you have 500k invested in something safe like bonds, it’s making maybe 5% a year, so you live off of that 5% in early retirement and a bit more than that in late retirement. Then you have money leftover when you die, so your heirs can have it.

this post was submitted on 14 Jun 2024
39 points (91.5% liked)

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