Q & A
You often quote things like "save just $550 per month and in 20 years you'll have $990,000". Unless my math is way off, you're counting on an annual return of about 15%. Please, tell me, where can I reliably get a 15% annual return!
Bill
When I quote the growth of assets on the show, it assumes a rate of return of just 7%. The funds are in an RRSP, and any tax benefit is reinvested every year to grow the contribution. I’ve talked about this as a strategy several times, but we can’t cover it in every show since we have only 21 minutes to tell the story.
