Accounts Quote by Sallie Krawcheck
“The truth is, if you are a woman saving 10% of your income for retirement, and you put it in the bank account, your chances of retiring well - living on 90% of your pre-retirement income for your full life - is 0%.”
About This Quote
Source Interview: Financial Advice Podcast, 2023
Saving only 10% in a low‑interest account won’t keep up with inflation, so retirement income will be far less than pre‑retirement earnings.
In simple terms: Low savings in banks lose value over time.
Key Takeaway
Invest for growth to protect retirement purchasing power.
Themes
personal finance
inflation
retirement planning
Mood
cautious
optimistic
Type
advisory
practical
When to use this quote
- individual retirement accounts
- employer 401(k)
- index funds
- real estate investment
Key Concepts
compound interest
risk tolerance
asset allocation
Questions to Reflect On
- How can you increase your retirement savings rate?
- What growth‑oriented investments suit your risk profile?
A Different Perspective
Bank savings alone can’t outpace cost‑of‑living increases.
