That says a mouthful….How much will be needed 40 years from now…what about inflation and future increases in taxation.
I can recall in the early 70’s, when a co-worker who had been anticipating his retirement had to change his plans because the run away inflation left him with about 40% of what he expected to get.
Even these 401(k) plans that everyone is counting on…It’s a relatively new thing, in that not very many contributors have begun to take their stored up benefits. What will happen when these workers stop working and those funds are loosed on the economy?
My guess is: not much. I expect those funds to be much dimished by then. But that's another thread.