I think you'd be suprised at how much you could save without the government's "help". You currently give 6.2% of your income to Social Security. Your employer is required to match that with another 6.2% for a total of 12.4%. Assuming you've make an average of 30,000/yr for 40 years, and the annual rate of return is a conservative 8%, you'd end up with $1,057,572.33 at retirement.
If, at that point, you choose to take out all the money, stick it under your mattress and never earn another dime on it, you'd have $26,439.30 a year for the next 40(!!!!) years! Of course, this example is flawed in many ways. You aren't going to be making $30k in 40 years, and $26k aint gonna buy much in 40 years, but I'll bet it still beats the pants off Social Security. -Cameron On Tue, 18 Jan 2005 15:11:49 -0500, Jerry Johnson <[EMAIL PROTECTED]> wrote: > That's insane. You must have absolutely no idea how close-to-broke most > people are. > > Age 30 with $100,000 in savings? Nuts. > > Jerry Johnson > Web Developer > Dolan Media Company ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143251 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
