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Old June 12th, 2013, 01:29 AM   #11
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Originally Posted by webguy4 View Post
rich people already own stocks and build wealth that way, poor people need the same opportunity.

this was in the block of text above, i feel it should be highlighted.
The Stock market since 1924 has averaged 17% annual return.

if you invest 100/month for 20 years at just 12% that grows to a total of 100,000.

you keep doing this for 30 years that 100/month investment becomes $350,000


If you did what Reagan pushed people to do in 1981 Save 167/month in savings.

you would have $820,000 saved at just 12% return.. that is 5% lower than the average return of the market.


NO REMEMBER SOCIAL SECURITY TAXES 12.6% OF YOUR INCOME.

and they promise you they will give you 870-2500/month for an average of 7 years.

and when you die they keep the rest.
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Old June 12th, 2013, 04:12 AM   #12
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A typical Ponzi scheme. Yet another instance of a situation where kicking the can down the road works for a while. But ..............

Yes, all Ponzi schemes last 67 years and benefit millions of Americans
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Old June 12th, 2013, 04:45 AM   #13
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Yes, all Ponzi schemes last 67 years and benefit millions of Americans
YES! WHY HAS IT LASTED 67 YEARS. and it stole MILLIONS from americans


we have a person 30 years old who is such a bad employee he works 30 years, never gets a raise he makes just 20,000..

12.6% of 20000 is 2,520/year,,, or 210/month


if that person had invested that money into.. a simple Dow or S&P fund.. (which has averaged 17% return since 1924)


Lets stay the fund under performed and only earned 12% intrest


when this person turns 60.. they would have 735,000 saved for Retirment

Now.. SS will pay a person that had a 20000/year income 870/month.. starting at age 67.. average life span in 73 years

so he gets 870/month for 6 years.

which means SS Will pay out 61,200

so SS has stolen 735,000-61,000 674000 from the THIS PERSON..


SS COST HIM 674,000 ...


WOW WHAT A DEAL.
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Old June 12th, 2013, 05:02 AM   #14
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Yes TV, we can use abstract appreciation numbers or we can look at actual investing reality of the average 401k;

The following comes from the Wall Street Journal

The 401(k) generation is beginning to retire, and it isn't a pretty sight.

The retirement savings plans that many baby boomers thought would see them through old age are falling short in many cases.


Even though 2010 is behind us you can still save money on 2010 taxes with some retirement savings moves. Kelsey Hubbard and the panel on the WSJ's Tax Report discuss.

The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled by the Federal Reserve and analyzed by the Center for Retirement Research at Boston College for The Wall Street Journal. Even counting Social Security and any pensions or other savings, most 401(k) participants appear to have insufficient savings. Data from other sources also show big gaps between savings and what people need, and the financial crisis has made things worse.
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Old June 12th, 2013, 05:12 AM   #15
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Originally Posted by Camelot View Post
Yes TV, we can use abstract appreciation numbers or we can look at actual investing reality of the average 401k;

The following comes from the Wall Street Journal

The 401(k) generation is beginning to retire, and it isn't a pretty sight.

The retirement savings plans that many baby boomers thought would see them through old age are falling short in many cases.


Even though 2010 is behind us you can still save money on 2010 taxes with some retirement savings moves. Kelsey Hubbard and the panel on the WSJ's Tax Report discuss.

The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled by the Federal Reserve and analyzed by the Center for Retirement Research at Boston College for The Wall Street Journal. Even counting Social Security and any pensions or other savings, most 401(k) participants appear to have insufficient savings. Data from other sources also show big gaps between savings and what people need, and the financial crisis has made things worse.


I have invested since 1982 167/month into an IRA, have not increased my investment (I made one changed 2000 I rolled it into a ROTH IRA and continued to invest the 167 still today)


Make a Guess how much I have in that fund. (I invest equally into 4 different fund families) 1 Growth Stock, 2. S&P Index, Small CAP FUND and an International Fund... put it this way... I can retire with a tax free income at age 59 1/2..

it is in the REGIS PHILBIN range.
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Old June 12th, 2013, 05:29 AM   #16
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another social security lie, the tax you pay is actually twice the number you see deducted on your pay stub, there is no such thing as employer paid portion. if your work doesn't earn enuf to cover your cost to the company, eventually you don't have a job. your employer doesn't really care if what you earn goes to you or to the government, it all comes to one cost line on their balance sheet, "payroll, taxes and benefits"
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Old June 12th, 2013, 05:44 AM   #17
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another social security lie, the tax you pay is actually twice the number you see deducted on your pay stub, there is no such thing as employer paid portion. if your work doesn't earn enuf to cover your cost to the company, eventually you don't have a job. your employer doesn't really care if what you earn goes to you or to the government, it all comes to one cost line on their balance sheet, "payroll, taxes and benefits"
Alas, you do agree that a health insurance policy belongs to the employee and not the employer.
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Old June 12th, 2013, 05:57 AM   #18
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Alas, you do agree that a health insurance policy belongs to the employee and not the employer.
Actually the policy belongs to the company, the coverage is for the asset of the company which is the employee.

The person leaves the company they lose the plan in which they are covered.
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Old June 12th, 2013, 05:57 AM   #19
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Alas, you do agree that a health insurance policy belongs to the employee and not the employer.
i think all employers except military police and fire dept, should be banned from offering health insurance as a benefit of employment
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Old June 12th, 2013, 06:13 AM   #20
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i think all employers except military police and fire dept, should be banned from offering health insurance as a benefit of employment
Then you must agree with the health exchanges being set up ?
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