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!
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!
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson