<prompt> Human: Hi people of PF, was wondering if any of you can give some insight into this topic.First of all, I would like to say that as a recent graduate, I am quite financially illiterate so I apologize in advance if I am not understanding financial concepts properly. After reading about how important it is to save up for retirement, I have realized that I should really be investingputting money into tax-deferred and tax-free saving plans. I am aware that the US has 401k and Roth IRA, which I guess is similar to RRSP and TFSA respectively in Canada.Recently, I had someone recommend me to sit down and talk to a financial advisor to get started with investing. In the end, one of the things that was shown to me was placing 3000 in a tax-free growth account TFSA in this case while contributing 100 per month at 7 return would give me 400000 after 45 years. Im wondering what types of investment vehicles financial advisors are using to see such high interest rates? Are they safe or volatile? Is 7 even considered high?Im kind of afraid to make any decisions with moving forward on this without proper knowledge. From what Ive gathered, banks usually only have a 0.6-3 interest for these tax-free growth accounts, but I THINK this number is only for putting money into the account with no investments.  <response>: 7 is reasonable for stocks in the very long run. Over the next decade, it may not be, because stocks are somewhat overvalued relative to historical PE ratios.Regarding financial advisers, you should watch 