To: mek1959
On a $30,000 investment over 30yrs with a $100,000 return on investment is only 3.0% on return. You would do better in stock market which on average gives you about a 8.0% return on long term investing.
If you took $30,000 and invested it in stocks at 8.0% you would have $331,000 after 30 years and if the husband put in $30,000 over 40 years they would have another $737,000 to spend in their old age. If you think all us taxpayers who have worked hard and payed our SS tax are getting a good deal from SS in our retirement years you are sadly mistaken.
NO2
22 posted on
11/26/2007 10:37:17 AM PST by
No2much3
(I did not ask for this user name, but I will keep it !)
To: No2much3
Hey N02, I think you missed my point or I wasn't very clear. I'm not supporting the return on SS, agreed, it is horrendous. The stock market will almost always outperform the piddly return from SS. I'm merely stating the obvious, that those who believe their $30,000 contributed through payroll entitles them to $100,000's of SS and medicare benefits are getting one heck of a deal. Emphasize the $100,000's not $100,000
26 posted on
11/26/2007 11:56:30 AM PST by
mek1959
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