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In this episode, we ask:
- Fast forward 29 years – how’d it turn out for George and Sam?
- What are the long term effects of the decisions they’ve made earlier?
- How did Opportunity Cost, Liquidity and Interest work out for George and Sam?
- Who is DALBAR? What information do they report?
- As of this year, how much did the average investor earn over the last 30 years?
- What happened to each of their retirement accounts?
- What were the AUM fees on the accounts and how much did it affect their balances?
- What debt did George and Sam carry through?
- How much do they pay on the debts?
- How much did George pay in interest?
- How much does George get on returns on his 401(k)?
- How much does George pay to banks each year?
- How much would Sam have for income annually in retirement?
- How much did Sam earn?
- What’s the moral of the story?
