Sure, but not currency that has been stuffed into mattresses for decades.
It goes into the retirement account and is immediately converted to something else that is a hedge against inflation. Typically, some kind of productive asset or proxy thereof, like stocks or real estate.
Well okay, if you’re not stuffing your mattress, then what does it matter what a certain amount of a currency might have bought in the past? You can’t time travel to spend it.
Sure, but not currency that has been stuffed into mattresses for decades.
It goes into the retirement account and is immediately converted to something else that is a hedge against inflation. Typically, some kind of productive asset or proxy thereof, like stocks or real estate.
I get that physically hoarding actual paper currency is dumb. That is not how I read the original post though.
Well okay, if you’re not stuffing your mattress, then what does it matter what a certain amount of a currency might have bought in the past? You can’t time travel to spend it.