• jkrtn@lemmy.ml
    link
    fedilink
    arrow-up
    10
    ·
    3 months ago

    Someone else calculated that $1 million is about 30 years of the teaching salary. So you cannot retire on a career either.

    If I were forced to choose I’d take the $1 million up front over a low-paying career and let it grow in the market while I found other work to avoid using it. $1 million up front over $1.3 million across 40-some years is a very good investment. Consider the decreased value of future money.

    • fidodo@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      3 months ago

      Not only that, 1 mil invested and making a modest 5% a year will return more than the teaching salary for doing nothing.