tag:blogger.com,1999:blog-8241505550351823820.post4225753298617594267..comments2024-02-11T06:57:23.174-05:00Comments on SchansBlog: who wants to be a millionaire? retirees...Eric Schansberghttp://www.blogger.com/profile/16147388189415035752noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8241505550351823820.post-83152245936767439982011-05-25T19:27:00.191-04:002011-05-25T19:27:00.191-04:00If one is fortunate enough to earn 5 percent on $1...If one is fortunate enough to earn 5 percent on $1-million, they would have a residual annual income of $50,000. Assume they pay capital gains tax, they would keep $42,500 per year; not a huge sum by today's standards. Factor in inflation and $1-million may not be sufficient for retirement. <br /><br />The Social Security scam is, IMHO, when the government takes the funds by force.<br /><br />Had the government given me $100,000 for retirement in 1971 (age 18) with the stipulation the fund had to be held in trust in an S&P index fund until age 65, my retirement fund would now be worth $1.34+ million. And I have seven more years to age 65. <br /><br />Of course the government doesn't think that way; nor should they. <br /><br />I would be content if the gov't would simply return my SS contributions plus inflation for me to invest on my own.Aspergers.lifehttps://www.blogger.com/profile/12621931936307980825noreply@blogger.comtag:blogger.com,1999:blog-8241505550351823820.post-1352961738461317152011-05-25T19:25:23.271-04:002011-05-25T19:25:23.271-04:00This comment has been removed by the author.Aspergers.lifehttps://www.blogger.com/profile/12621931936307980825noreply@blogger.comtag:blogger.com,1999:blog-8241505550351823820.post-39851731390160300802011-05-25T03:34:13.635-04:002011-05-25T03:34:13.635-04:00That's informative and inspiring!
Thanks for s...That's informative and inspiring!<br />Thanks for sharing, I enjoyed the visit. :)Sweet Lilyhttps://www.blogger.com/profile/04613556729394471187noreply@blogger.com