Wednesday, February 11, 2009

"Forever Stamps" Can I invest in them for my retirement?

With the news that postage is going up so soon, my initial reaction is that I should have bought more "forever stamps" before the last increase. However, in reality, I thought my money had better places to be, like making contributions to my retirement plan. Where is that crystal ball when I need it?

On May 14, 2007 when the postal service introduced the forever stamp, the postage was $.41. On May 12, 2008 the rate went up to $.42. On May 11 it is going up to $.44.
That's a seven percent increase in two years.

Needless to say, my retirement portfolio has not exactly gone up seven percent in the last two years.

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