• @jkrtn@lemmy.ml
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    108 months ago

    Someone else calculated that $1 million is about 30 years of the teaching salary. So you cannot retire on a career either.

    If I were forced to choose I’d take the $1 million up front over a low-paying career and let it grow in the market while I found other work to avoid using it. $1 million up front over $1.3 million across 40-some years is a very good investment. Consider the decreased value of future money.

    • @fidodo@lemmy.world
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      38 months ago

      Not only that, 1 mil invested and making a modest 5% a year will return more than the teaching salary for doing nothing.