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To: Mikey_1962
The younger they are the more they like it!!!

Why wouldn't they!!!

Take a lifetime minimum wage employee; give them their full 12.4% social security contribution; the historic long-term stock return; and 45 years of compounding...

...and they could retire a millionaire!

32 posted on 12/17/2004 12:14:50 PM PST by Fredgoblu
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To: Fredgoblu
Why wouldn't they!!!

Take a lifetime minimum wage employee; give them their full 12.4% social security contribution; the historic long-term stock return; and 45 years of compounding...

...and they could retire a millionaire!


My aunt never worked as anything but a low-wage secretary for Citibank when it was just getting off the ground. My uncle was a career enlisted man, didn't make much. All my aunt did was build on her complimentary few shares of Citibank, used them to get a foothold in the market to expand, invested in many different industries with their very small monthly savings, and they retired with about $5 million in various bank accounts and stock portfolios.

Give everyone their SS pay back, and everyone will have a little bit of money a month to build themselves a comfy retirement!
34 posted on 12/17/2004 12:20:45 PM PST by TheRatHunter
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