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Retirement Savings: More Americans Than Ever Have $1 Million In Assets Or More
IBD ^ | 04/16/2018 | Paul Katzeff

Posted on 04/16/2018 9:50:17 AM PDT by SeekAndFind

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To: NorthMountain
In 2020, you can bet on it becoming a Democrat campaign issue.
41 posted on 04/16/2018 10:48:38 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: ealgeone

I would think that would be all that was needed, but even it it wasn’t they had years to prepare something that ticked all the boxes. I will be glad to see Paul Ryno gone.


42 posted on 04/16/2018 10:50:14 AM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Kozak

forget failed state minorities

How many whites in America spend all day

Collecting disability

Getting pain meds to sell and save a few for personal use

Wear pajamas all day especially women

No make up ever and grungy dark circle eyes sloven ..women

Hair always tied up or slicked back Afro style.....women

Afro style eyebrows...very thin yet stark and dark.....women

Grossly fat...waddling about sumo wrestler eyes....women and some men

Most of what they own in their car piled up except the big screen which is the modern equivalent of a welfare Cadillac

Greasy tattoos ...men and women

Several illegitimate children or of a man the same but which the father contribute nothing to his spawn but his sperm

Very little real work....maybe fast food or Americorp style grift

I can’t speak for everywhere but between rural south and rural Midwest and rural west and northern Michigan I see tons of whites like this

A sizable minority

Enough to be a drag on any culture and nation

This simply did not exist amongst poor whites when I was a kid 1960s 70s

Rednecks and poor folks but little trash

Now toss in the dysfunctionality of blacks and many Latinos and you’ve got s problem

Working family oriented whites and most Asians or orientals keep the country going now

It’s the new America

Numerically though the biggest non contributor group now is lazy fat illegitimate spawning whites...no question

What will be the cost of that down the road..tell me

Young folks here don’t know any different

Most people have no savings or assets besides their car or home...a stock portfolio is for professional class or workers with vested retirement plans


43 posted on 04/16/2018 10:51:48 AM PDT by wardaddy (As a southerner I've never trusted the Grand Old Party.....any questions?)
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To: pepsionice

Sounds like my neighbors when I was a kid in the 60’s. They had a small dairy farm and all his tractors were the hand-cranked type; he purchased them in pieces at an auction and put them all together himself. He earned the money to buy the farm during WWII; he was a Marine in the Pacific island-hopping campaigns and was quite the poker player.


44 posted on 04/16/2018 10:52:04 AM PDT by GreyHoundSailor
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To: pepsionice

My story about the guy I know.

He never worked for anybody but himself, had a number of businesses as a fashion photographer, audio equipment designer, recording engineer, then owned a large photographic processing plant. Sold his last business for 2 or 3 million in 2003, bought a lot of Apple, Google, and Amazon.


45 posted on 04/16/2018 10:52:10 AM PDT by proxy_user
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To: SeekAndFind
This is both bad news and good news

The good news is obvious but the bad news is ominous

The bad news is there are also record numbers of Americans who have less than one months savings for retirement and are living pretty month to month and many often have negative net worths due to credit cards or other forms of debt.

A further signal that America is migrating to the Third World model of a small, well off upper class, a depleted middle class and a large underclass of traditional poor and the increasingly marginalized ex members of the middle class falling into the marginalized category as the government sanction destruction of the middle class continues to take it's toll

46 posted on 04/16/2018 10:53:32 AM PDT by rdcbn
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To: SeekAndFind
This is both bad news and good news

The good news is obvious but the bad news is ominous

The bad news is there are also record numbers of Americans who have less than one months savings for retirement and are living pretty month to month and many often have negative net worths due to credit cards or other forms of debt.

A further signal that America is migrating to the Third World model of a small, well off upper class, a depleted middle class and a large underclass of traditional poor and the increasingly marginalized ex members of the middle class falling into the marginalized category as the government sanction destruction of the middle class continues to take it's toll

47 posted on 04/16/2018 10:54:25 AM PDT by rdcbn
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To: Eric in the Ozarks
In 2020, you can bet on it becoming a Democrat campaign issue.

In 2020, I'll be one of those "retirement account millionaires" ... you can bet I'll take it very personally.

48 posted on 04/16/2018 10:55:06 AM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
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To: dfwgator

This does work and right now, rent is a better return than bank account interest, (and often beats the stock market too). However I recently divested of our real estate holdings, because I was getting too old and tired to manage them and hiring a manager would give someone else the return that I was seeing.

Besides, I believe Trump is doing the right things to nudge the stock market into high gear. Of course there is always a risk so I stay half in fixed investments and half in stocks.


49 posted on 04/16/2018 10:58:38 AM PDT by KC_for_Freedom
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To: SamAdams76

Thanks, Sam. Nice story.


50 posted on 04/16/2018 10:59:50 AM PDT by RitaOK
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To: Dilbert San Diego

I seem to remember something similar being floated in the Bush years.


51 posted on 04/16/2018 11:01:10 AM PDT by joesbucks
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To: SeekAndFind

Here is another point to make

- Don’t marry a crazy ass bitch who will take you retirement savings in total or she will file a fake “Restraining Order” against you if you don’t do what she says.

I had to basically start over saving for retirement in my mid 40’s.


52 posted on 04/16/2018 11:06:42 AM PDT by CapnJack
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To: SeekAndFind

Not this retired American.


53 posted on 04/16/2018 11:07:08 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: Yaelle

I had the same question but with one modification. Was she happy too. It’s one thing to have a bundle of money and yet really never enjoyed it.


54 posted on 04/16/2018 11:08:32 AM PDT by joesbucks
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To: Kozak
"How many in the US have next to nothing saved....."

I have no savings account, no property, no stocks, bonds. I own a 2005 Nissan Altima that I'm hoping will last until I die. I have $50,000 life insurance that will be split between my two sons. I'm worth more dead than alive.

55 posted on 04/16/2018 11:09:30 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: DugwayDuke
Elizabeth Warren thinks your 401k funds should be invested in annuities managed by the federal government.

My 401(k) is invested in the stock of the company I work for. How would Warren force me to invest in her annuities without selling my company holdings?

What would that do to my company's assets if shareholders were all forced to divest in order to fund government annuities? Who would be the buyer of a forced sale, the government? Wouldn't that be a de facto nationalization of companies whose workers invested their retirement savings?

-PJ

56 posted on 04/16/2018 11:09:49 AM PDT by Political Junkie Too (The 1st Amendment gives the People the right to a free press, not CNN the right to the 1st question.)
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To: pepsionice

Mmmm I’m gonna buy what I want. Not gonna scrimp and save so that my kid gets it all. I’ve already told her that.


57 posted on 04/16/2018 11:11:49 AM PDT by sheana
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To: DugwayDuke

....Elizabeth Warren thinks your 401k funds should be invested in annuities managed by the federal government.....

well if Congress had invested Social Security funds instead of spending them, it might not be broke.


58 posted on 04/16/2018 11:17:24 AM PDT by rolling_stone
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To: DugwayDuke

....Elizabeth Warren thinks your 401k funds should be invested in annuities managed by the federal government.....

well if Congress had invested Social Security funds instead of spending them, it might not be broke.


59 posted on 04/16/2018 11:17:25 AM PDT by rolling_stone
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To: Dilbert San Diego
"I recall talk during the Obama years, of how the looming Social Security deficits could be covered if we could “borrow” or “merge” the 401k and IRA investments with the Social Security system. The next time Democrats control both Congress and the White House, I expect this talk to be revived.

I would most definitely find a way to move from the country and take what I earned and saved with me before letting the absolute scum of the Earth parasites that are politicians (particularly Democrat politicians) take it from me in order to pay off debts they created. What would be different at that point than having the Venezuelan government confiscate private property, wealth, businesses, and factories? It would have the same affect in America as it has had in Venezuela.

60 posted on 04/16/2018 11:23:57 AM PDT by neverevergiveup
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