The logical assumption is that we save for retirement so we can have the funds to maintain a good quality of life in old age when we can’t or don’t want to work. This safety net ideal is the stated reason but to me it seems many people work hard to see the dollar amount increase, for the achievement, status and satisfaction that comes with work and because their job becomes so tied into their identity. If you’re in the latter camp future value is irrelevant.
The logical assumption is that we save for retirement so we can have the funds to maintain a good quality of life in old age when we can’t or don’t want to work. This safety net ideal is the stated reason but to me it seems many people work hard to see the dollar amount increase, for the achievement, status and satisfaction that comes with work and because their job becomes so tied into their identity. If you’re in the latter camp future value is irrelevant.