Assume you work for the New Orleans Saints for your entire career and never get a raise. You have the choice of contributing $500 per year to a pre-tax retirement annuity with a projected APY of 7.5%. You decide to opt-out of this option so that you can just put it in a liquid savings account at 0.45% APY. If the inflation rate is just 1%, what is the difference in retirement savings between the two options when you retire in 40 years? What does this tell you about investing all of your money in a savings account?