Gerstner calculates $5,000 compounded to age 60 yields $1 million in Invest America accounts.
“5,000 compounded by the age of 60, you have a million dollars in your Invest America account.”
Gerstner cites 401(k) programs hold $13 trillion with $75 billion contributed annually as model.
“The four zero one k program in this country now has $13,000,000,000,000 in it. 75,000,000,000 is contributed annually.”