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View Full Version : "I will never be able to save enough to securely fund a private retirement"



SarasotaRepub
07-26-2011, 09:31 AM
Yes we know you want a condo in Boca, a nice one... (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1572816)





kpete (1000+ posts) Mon Jul-25-11 04:29 PM
Original message

"I will never be able to save enough to securely fund a private retirement" Edited on Mon Jul-25-11 04:30 PM by kpete

MON JUL 25, 2011 AT 09:27 AM PDT
If I Work as Hard as I Can For the Rest of My Life
bybink

I will never be able to save enough to securely fund a private retirement.

And, most likely, neither will you.

That is all you need to know about my position with regard to Social Security.

Asking me to accept adjustments to Social Security is asking me to accept possible food and shelter insecurity when I am old and cannot work.

http://www.dailykos.com/story/2011/07/25/998504/-If-I-W... (http://www.dailykos.com/story/2011/07/25/998504/-If-I-Work-as-Hard-as-I-Can-For-the-Rest-of-My-Life?via=siderec)



This is why you fail...




raouldukelives (758 posts) Mon Jul-25-11 05:14 PM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1572816#1572816)

13. Investing in a 401k is investing in death
Profiting from war, denial of insurance claims, big pharma, 3rd world labor, destruction of the environment. What self respecting human being would want to retire on funds derived from such madness?

Dan D. Doty
07-26-2011, 12:44 PM
Shut the f*ck up already :rolleyes::rolleyes::rolleyes:

ralph wiggum
07-26-2011, 02:07 PM
Does DUmmy kpete ever have an original thought or does that dumb broad just copy & paste from other sites? :smilie_wall: :smilie_wall:

Dan D. Doty
07-26-2011, 07:25 PM
Got an idea ( and it original too :D)

Have the membership of DU each sell one bong out of the collects and send her the money; she live off that for years.

:party: and they ate Robin's minstrels, and there was much rejoicing.

fettpett
07-26-2011, 08:13 PM
easy thing to do, $20/mo in to a savings account for 10 years. don't touch it. compounding interest will get you around $1 million by retirement if you start at 30, $2 millionish if you start at 20.

Apache
07-26-2011, 08:19 PM
easy thing to do, $20/mo in to a savings account for 10 years. don't touch it. compounding interest will get you around $1 million by retirement if you start at 30, $2 millionish if you start at 20.

Awfully trusting of the feds, aintcha?

FDK
07-26-2011, 10:40 PM
easy thing to do, $20/mo in to a savings account for 10 years. don't touch it. compounding interest will get you around $1 million by retirement if you start at 30, $2 millionish if you start at 20.

And just what will that $2 million be worth in real value after Obummer drives the dollar into the ground?

Apache
07-27-2011, 12:22 AM
And just what will that $2 million be worth in real value after Obummer drives the dollar into the ground?

Cheater!:mad::p

Dan D. Doty
07-27-2011, 01:46 AM
easy thing to do, $20/mo in to a savings account for 10 years. don't touch it. compounding interest will get you around $1 million by retirement if you start at 30, $2 millionish if you start at 20.

Won't work, ya know.

Involves common sense; Moonbats avoid that like the plague :nono:

Constitutionally Speaking
07-27-2011, 06:41 AM
kpete (1000+ posts) Mon Jul-25-11 04:29 PM
Original message

"I will never be able to save enough to securely fund a private retirement" Edited on Mon Jul-25-11 04:30 PM by kpete

MON JUL 25, 2011 AT 09:27 AM PDT
If I Work as Hard as I Can For the Rest of My Life
bybink

I will never be able to save enough to securely fund a private retirement.

And, most likely, neither will you.

That is all you need to know about my position with regard to Social Security.

Asking me to accept adjustments to Social Security is asking me to accept possible food and shelter insecurity when I am old and cannot work.

http://www.dailykos.com/story/2011/07/25/998504/-If-I-W...




The FACT of the matter is, if you make $30,000 a year YOU ALREADY are contributing enough money to have a retirement egg of nearly $2 million . According to the SSA, a person making $30K starting work in 1990, working until he was 67 years old in 2039 would have a monthly retirement amount of $1,411.00. That SAME person, if he were to have invested the money he and his employer sent to SS, would have $1,967,640.41 if he JUST got the average Compound Annual Growth Rate of the S&P 500 since 1900. That includes the crashes. I will also not that this is the CAGR, not merely the average rate of growth.


Kpete, you are being ROBBED by SS and told that the government is looking out for your best interests. We have literally MILLIONS of senior citizens who live in poverty BECAUSE of Social Security. It is ALL they have because the government took their money out of their paychecks instead of allowing them to invest it for their own good.