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#61
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![]() "Matt Whiting" wrote in message ... The government has deep pockets so they can perpetuate the scheme much longer than other entities could. The government cannot perpetuate the scheme, SS will either be altered drastically or collapse. The scheme persists temporarily only because citizens are forced to participate. I chuckle when I hear Congress Critters claim SS is a very popular program. If it's so popular then why not make it voluntary? |
#62
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Matt Barrow wrote:
"Matt Whiting" wrote in message ... Bob Noel wrote: In article , Stan Gosnell wrote: I don't agree. I don't think it is at all possible to invest SS taxes and come out ahead I once did a calculation that showed I would have 4x the retirement income from my contribution than I would receive from SS (and the amount contributed into each plan was comparable). This was based on conservative returns of 2-3% real returns. I'd like to see that calculation. That certainly isn't what I've seen. Check www.techcentralstation.com, someone did those calucations about two years ago. I didn't see anything on this site related to SS. Then again, it all depends on what age you plan to retire and how long you plan to live. Pardon? SS keeps paying for as long as you live. So if you live to be 95, you can easily collect 30+ years of SS payments. If you die at 65, you may collect very little. The amount you collect compared to what you payed in is your effective earnings. The longer you live the greater your rate of return. Matt |
#63
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![]() "Matt Whiting" wrote in message ... Matt Barrow wrote: Check www.techcentralstation.com, someone did those calucations about two years ago. I didn't see anything on this site related to SS. Use the button on the left side, gets you http://www.techcentralstation.com/socialsecurity.html Then again, it all depends on what age you plan to retire and how long you plan to live. Pardon? SS keeps paying for as long as you live. So if you live to be 95, you can easily collect 30+ years of SS payments. If you die at 65, you may collect very little. The amount you collect compared to what you payed in is your effective earnings. The longer you live the greater your rate of return. Hell of a crap shoot. I intend to die at 90, in bed with a 21 year old nympho; my wife tells me I'll be lucky to live 'til my next birthday. |
#64
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Matt Barrow wrote:
"Matt Whiting" wrote in message ... Matt Barrow wrote: Check www.techcentralstation.com, someone did those calucations about two years ago. I didn't see anything on this site related to SS. Use the button on the left side, gets you http://www.techcentralstation.com/socialsecurity.html I saw lots of articles with lots of discussion, but I didn't find one that had a numerical analysis comparing a private investment plan with today's SS. Can you reference the specific article? Matt |
#65
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![]() Stan Gosnell wrote: In the long run, the stock market will never increase at anything close to 10%, The average is 11%. |
#66
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![]() "Matt Whiting" wrote in message ... Matt Barrow wrote: "Matt Whiting" wrote in message ... Matt Barrow wrote: Check www.techcentralstation.com, someone did those calucations about two years ago. I didn't see anything on this site related to SS. Use the button on the left side, gets you http://www.techcentralstation.com/socialsecurity.html I saw lots of articles with lots of discussion, but I didn't find one that had a numerical analysis comparing a private investment plan with today's SS. Can you reference the specific article? Whoops...wrong site!! http://www.socialsecurity.org/pubs/ssps/ssp31.pdf (Which is a CATO sub-species) |
#67
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![]() "Newps" wrote in message ... Stan Gosnell wrote: In the long run, the stock market will never increase at anything close to 10%, The average is 11%. There's a lot of people have done very well just doing indexes. |
#68
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"Matt Barrow" writes:
"Matt Whiting" wrote SS keeps paying for as long as you live. So if you live to be 95, you can easily collect 30+ years of SS payments. If you die at 65, you may collect very little. The amount you collect compared to what you payed in is your effective earnings. The longer you live the greater your rate of return. Hell of a crap shoot. I intend to die at 90, in bed with a 21 year old nympho; my wife tells me I'll be lucky to live 'til my next birthday. She's predicting your future if she catches you with the nympho? |
#69
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![]() Matt Barrow wrote: "Newps" wrote in message ... Stan Gosnell wrote: In the long run, the stock market will never increase at anything close to 10%, The average is 11%. There's a lot of people have done very well just doing indexes. That is the indexes. As a federal employee that's also all i have access to. I should have between 1 and 2 million in my 401k when I retire, depending on the market and when I decide to go. |
#70
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Matt Barrow wrote:
"Matt Whiting" wrote in message ... Matt Barrow wrote: "Matt Whiting" wrote in message ... Matt Barrow wrote: Check www.techcentralstation.com, someone did those calucations about two years ago. I didn't see anything on this site related to SS. Use the button on the left side, gets you http://www.techcentralstation.com/socialsecurity.html I saw lots of articles with lots of discussion, but I didn't find one that had a numerical analysis comparing a private investment plan with today's SS. Can you reference the specific article? Whoops...wrong site!! http://www.socialsecurity.org/pubs/ssps/ssp31.pdf (Which is a CATO sub-species) Much better! It will take a while to read and digest this article to see what their assumptions are. Thanks, Matt |
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