She told me she did when you tried to get a piece from her, Oedipus.
Why retiring at 65 could become a thing of the past
- Thread starter signalmankenneth
- Start date
She told me she did when you tried to get a piece from her, Oedipus.
Teflon Don
I'm back baby
You know it goes up every year right?
Does Jack realize that those contributing at the higher income amounts don't get as much of a proportional distribution to their contribution as those contributing at lower income amounts? Someone that contributed at the max doesn't get 9x the distribution of someone contributing at minimum wage although the contribution was 9x as much.
Maybe they should have aspired to be something other than worker drones and they would have had something other than a government program.
They should get more but people like Mason only want them to contribute more without an increased distribution.
Has ZERO to do with solving the Problem of underfunding the Program.
Since I won't have to rely on SS because I chose to not be a worker drone, perhaps you should rethink things. While you're doing that, think about how much better your life could have been had you not chosen to be a drone.
Do it every time I spend what not choosing to be a worker drone provided me.
Say at age 20 you make $30,000/yr ($2500/mo) and pay 6.2% of your income into a fund matched by your employer, and continue this practice until you retire at age 65. After 45 years in a slight risk investment (and with a 45 year term it is almost inconceivable that a "slight risk" investment would have any risk), earning 7%, you would have slightly under $1.2 million in the bank. (Let's forget inflation here because we will assume that your raises would at least keep up with inflation.) At that time, you would transition to a lower risk investment, and at a yield of 5%, never touching the principle, you would be able to draw $4900 in interest per month upon retirement. That's almost twice your pre-retirement income.
I doubt CFM knows this ... or can afford to buy in.
SS would never be able to produce those results.
More than once, those defending SS have said that many people don't have the self discipline to do what you described, would have nothing when they got older, and the rest of us would still have to take care of them. To that I say, not my problem. That's why when SS starts coming to me, and I will take it because I was required to put into it, it will be gravy nor a necessity.
I put it into practice while you were sucking your mother's tits. It's why SS will be gravy not a necessity when it comes.
Care to make a wager on that?
Lefties wouldn't go for that. While it would be the government requiring the investment, it doesn't give the government the level of control lefties want them to have.
He's jealous because all he has is SS.
