ilmscore | Yes, You CAN Buy Time! (Here's How)

Predictions from this Video

Total: 12
Correct: 0
Incorrect: 6
Pending: 6
Prediction
Topic
Status
A 25-year-old investing $3,200 today can accumulate enough to fund one year of retirement income equivalent to $143,500 at age 65, assuming a 9.5% annualized investment return, 3% annual wage growth, and a goal to replace 80% of pre-retirement income.
"to buy a single year in retirement a year being defined as $143,000 of income for 25-year-old it only costs $3200"
Retirement Savings
Pending
A 30-year-old saving 25% of their income for one year, assuming a 9.5% annualized investment return, will accumulate enough to cover over three years of retirement.
"if you are a 30-year-old and you can start saving 25% a day and again we're going to assume that you can earn 9 and a half% rate of return do you realize that a 25% savings rate just this year buys you over three years in retirement"
Retirement Savings
Incorrect
A 40-year-old saving 25% of their income for one year, assuming a 9.5% annualized investment return, will accumulate enough to cover one and a half years of retirement.
"for a 40-year-old saving 25% one year buys you a year and a half uh one and a half years in retirement"
Retirement Savings
Incorrect
A 50-year-old saving 25% of their income for one year, assuming a 9.5% annualized investment return, will accumulate enough to cover almost a full year of retirement.
"for a 50-year-old it still buys you almost a full year in retirement"
Retirement Savings
Pending
A hypothetical 25-year-old with a $55k gross annual income, 3% wage growth, and 9.5% investment return will need $143,500 for their first year of retirement at age 65.
"their first year of retirement they would need to replace about $143,500"
Retirement Planning
Pending
A 25-year-old saving 25% of their income for one year, assuming a 9.5% annualized investment return, will accumulate enough to cover over four years of retirement.
"if you're a 25-year-old who starts saving and investing the 25% you're getting over four years A year of retirement for that savings rate"
Retirement Savings
Incorrect
A 25-year-old can buy one year of future retirement income (worth $143,000 at age 65) by investing $3,200 today, given 9.5% investment returns.
"to buy a single year in retirement a year being defined as $143,000 of income for 25-year-old it only costs $3200"
Retirement Planning
Pending
A 30-year-old investing $5,200 today can accumulate enough to fund one year of retirement income equivalent to $143,500 at age 65, given the stated assumptions (9.5% annualized investment return, 3% annual wage growth, and a goal to replace 80% of pre-retirement income).
"for a 30-year-old the cost of one year of retirement... cost you about $5,200"
Retirement Savings
Pending
A 30-year-old saving 25% of their income this year will buy themselves over three years of retirement, assuming a 9.5% investment return.
"a 25% savings rate just this year buys you over three years in retirement"
Retirement Planning
Incorrect
A 40-year-old saving 25% of their income this year will buy themselves 1.5 years of retirement, assuming a 9.5% investment return.
"for a 40-year-old saving 25% one year buys you a year and a half uh one and a half years in retirement"
Retirement Planning
Incorrect
A 50-year-old saving 25% of their income this year will buy themselves almost a full year of retirement, assuming a 9.5% investment return.
"for a 50-year-old it still buys you almost a full year in retirement"
Retirement Planning
Incorrect
A 25-year-old saving 25% of their income this year will buy themselves over four years of retirement, assuming a 9.5% investment return.
"if you're a 25-year-old who starts saving and investing the 25% you're getting over four years A year of retirement for that savings rate"
Retirement Planning
Pending