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Old 11-09-2019, 12:13 PM   #43
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Join Date: Jan 2010
Posts: 5,678
I did not answer him on whether can or cannot meet FRS. I merely said that FRS could be 317,000 in 20 years based on 3% pa. It could be more or it could be less. God knows. Min sum/FRS has increased at a compounded rate of no less than 5% over 30 years from inception in 1987 to 2016.
yes frs is increasing, but so is our starting salary. if they increase in tandem, our kids can still hit frs.

the other problem is the max contribution. at the moment it is based on 6k * 15 months a year, or 37k a year. if they do not increase this number in the future, our kids may not be able to hit the frs.
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