Aug. 13, 2020
I am 33 and have approximately 300k in liquid assets. Assuming standard 7% annual returns after inflation, that will be a bit over $3 million by age 70. If I lose money, I have plenty of time to make more. So it's insane that a 70-year-old retiree with $1million but no other income or assets can risk it in the private market but I can't. -- Patrick N. Long, Esq. Attorney PATRICK LONG LAW FIRM, PC 1452 Dorchester Ave, 4th Floor Boston MA 02122