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  1. #1 "I will never be able to save enough to securely fund a private retirement" 
    eeeevil Sith Admin SarasotaRepub's Avatar
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    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...

    This is why you fail...


    raouldukelives (758 posts) Mon Jul-25-11 05:14 PM
    Response to Original message

    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?
    May the FORCE be with you!
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  2. #2  
    Senior Member Dan D. Doty's Avatar
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    Shut the f*ck up already
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  3. #3  
    Festivus Moderator ralph wiggum's Avatar
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    Does DUmmy kpete ever have an original thought or does that dumb broad just copy & paste from other sites?
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  4. #4  
    Senior Member Dan D. Doty's Avatar
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    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.

    and they ate Robin's minstrels, and there was much rejoicing.
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  5. #5  
    Best Bounty Hunter in the Forums fettpett's Avatar
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    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.
    "Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings..." Patrick Henry
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  6. #6  
    Senior Member Apache's Avatar
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    Quote Originally Posted by fettpett View Post
    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?
    Government is not the solution to our problem, government is the problem.
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  7. #7  
    Senior Member FDK's Avatar
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    Quote Originally Posted by fettpett View Post
    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?
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  8. #8  
    Senior Member Apache's Avatar
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    Quote Originally Posted by FDK View Post
    And just what will that $2 million be worth in real value after Obummer drives the dollar into the ground?
    Cheater!:mad::p
    Government is not the solution to our problem, government is the problem.
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    We could say they are spending like drunken sailors. That would be unfair to drunken sailors, they're spending their OWN money.
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  9. #9  
    Senior Member Dan D. Doty's Avatar
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    Quote Originally Posted by fettpett View Post
    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
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  10. #10  
    Senior Member Constitutionally Speaking's Avatar
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    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.
    Last edited by Constitutionally Speaking; 07-27-2011 at 06:45 AM.
    I long for the days when our President actually liked our country.
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