"The bottom line is that using a rate of return of 6 or 7 percent is a good bet for your retirement planning." ("What kind of return should I expect in my retirement account?")
As of November 27, 2018, the Dow Jones LOST everything it gained in the last 18 months.
Dow Jones Industrial Average (Click here to view.)
Want to know what your money will grow to in your current retirement account?
(You'll need to know what your return was over the last 12 months after fees. For most people the fund is earning 7% to 8%, but with 2% to 3% in annual fees...for a net growth rate of about 5% to 6% annually.
Here is a compounding calculator you can use to estimate. Click here for calculator. (If the calculator doesn't work on your phone, do it when you get to a computer.)
After computing for your current return, change the rate to 9% and see if it improves. Want to get a higher rate of return on your money?
How does a real estate IRA work? (Click here to find out.)
(You'll need to know what your return was over the last 12 months after fees. For most people the fund is earning 7% to 8%, but with 2% to 3% in annual fees...for a net growth rate of about 5% to 6% annually.
Here is a compounding calculator you can use to estimate. Click here for calculator. (If the calculator doesn't work on your phone, do it when you get to a computer.)
After computing for your current return, change the rate to 9% and see if it improves. Want to get a higher rate of return on your money?
How does a real estate IRA work? (Click here to find out.)