In the short term, yes. The money you’ve saved is now considered “disposable income” and will be absorbed by the next person in line.
If a paycheck could make you wealthy, no one would give you a paycheck. A retirement account CAN make you wealthy but only after the machine has squeezed 40+ years out of you. But one way or another that money is leaving your hands and flowing back into the system.
In the short term, yes. The money you’ve saved is now considered “disposable income” and will be absorbed by the next person in line.
If a paycheck could make you wealthy, no one would give you a paycheck. A retirement account CAN make you wealthy but only after the machine has squeezed 40+ years out of you. But one way or another that money is leaving your hands and flowing back into the system.