When I was quite young, somewhere around age 11, my dad sat me down with his HP 12C calculator. He showed me what keystrokes to use to see how my money would grow in a hypothetical situation, one where I was able to fully fund my IRA (which back then had a $2,000-a-year annual contribution limit) annually from that age forward. He then showed me how to “stress test” it. We ran the calculations for various different potential rates of return.
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