The experts suggest all too often that we should save for college. But if you were to do that – save, a form of no risk handling of money akin to bank accounts, money market funds, certificates of deposit or under the mattress you would have little more to show for the effort in ten or fifteen years than the money you put away. You wouldn’t have beat inflation and you certainly wouldn’t have beat the inflation that is known as college tuition.
Retirement Planning: The Time Value of Money
We’ve lost our sense of timing. Not in the genetic sense; we still follow the rhythms of our daily lives. Those patterns are intact. The loss of timing we are experiencing relates to the time value of money. According the economic question, posed in a number of different ways depending on how you might search for the term, asks the reader to answer: would you take X-number of dollars today or wait for a period of time to receive the same amount?See more ›
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