I think this is off base, on much deeper grounds than optimizing a few points of interest rate. Namely, it assumes stability and minimal growth prospects, both for your personal income and the world as a whole.
In reality, people make much more money later in their life and later in their career than earlier in their career, and in many cases the growth rate involved is higher than even pretty bad loan terms. And in today’s world, it looks like a singularity or radical economic transformation is particularly imminent. If you “invest 15% of your household income in retirement”, this is probably equally as valuable as setting that money on fire.
I think this is off base, on much deeper grounds than optimizing a few points of interest rate. Namely, it assumes stability and minimal growth prospects, both for your personal income and the world as a whole.
In reality, people make much more money later in their life and later in their career than earlier in their career, and in many cases the growth rate involved is higher than even pretty bad loan terms. And in today’s world, it looks like a singularity or radical economic transformation is particularly imminent. If you “invest 15% of your household income in retirement”, this is probably equally as valuable as setting that money on fire.
Sorry, is “this” here me or Ramsey?
There are still a bunch of good reasons to put money in retirement accounts: Retirement Accounts and Short Timelines, Personal AI Planning.