/——/ Here is the S&P 500 since 1984. Now compare that to the 2% return on SS money. You do the math.And yet even though you admit that the stock market is gambling… you thing we should put our retirement there.
Brilliant
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
/——/ Here is the S&P 500 since 1984. Now compare that to the 2% return on SS money. You do the math.And yet even though you admit that the stock market is gambling… you thing we should put our retirement there.
Brilliant
It has a shittier return than regular bank savings account interest, rube.You mean Social Security...which has been providing retirement for hundreds of millions of Americans for almost 100 years?
Some gamble
It's guaranteed and it worksIt has a shittier return than regular bank interest, rube.
Retire without Social Security just before or during one of those downturns and you're well and surely fucked/——/ Here is the S&P 500 since 1984. You do the math.
View attachment 749926
/——/,uhhhh no. Look at the over all return over a life time of work. And it always rebounded.Retire without Social Security just before or during one of those downturns and you're well and surely fucked
Which doesn't do much good if you retire and the stock market takes a dump/——/,uhhhh no. Look at the over all return over a life time of work. And it always rebounded.
/——/. When you retire, you don’t take the money as a lump some, it keeps growing the base. Understand compound interest and dividends much?Which doesn't do much good if you retire and the stock market takes a dump
What I understand is that every penny you take out is severely discounted by that stock market dump and will never be available to recoup./——/. When you retire, you don’t take the money as a lump some, it keeps growing the base. Understand compound interest and dividends much?
/——/ The 40 year chart confuses you. OK, keep your money in a 2% passbook.What I understand is that every penny you take can is severely discounted by that stock market dump and will never be available to recoup.
You seem very confused about retirement/——/ The 40 year chart confuses you. OK, keep your money in a 2% passbook.
What I understand is that every penny you take out is severely discounted by that stock market dump and will never be available to recoup.
And if you retire you don’t have ten years to wait for it to recover. You’re drawing down on money that has lost as much as half its valueThe market always recovers; maybe not overnight, but always does.
The people who are hurting today are those that are retired or soon to retire.
Which doesn't do much good if you retire and the stock market takes a dump
And what happens when the market takes a dump?Without considerable growth the money you save for retirement would not only be taxed in a savings account, but wouldn't last you very long after you retire unless you die shortly after. Invested and proper planning, that money could last you the rest of your life. That's why you invest it instead of letting it sit around.
And if you retire you don’t have ten years to wait for it to recover. You’re drawing down on money that has lost as much as half its value
And what happens when the market takes a dump?
Republican Congress critters want to increase Congress' taxing powers.
.
This seems to confirm our Republican Congress and Freedom Caucus members are very much part of the Washington Establishment’s never-ending push to enlarge and consolidate power in their hands.
See: Is GOP Freedom Caucus Pushing for a 30% Sales Tax in US?
My pet question goes unanswered:
Why on earth would any freedom loving, Republican member of Congress, support the rope-a-dope FairTax Act proposal which, if adopted, enlarges and strengthens the federal government’s iron fisted taxing grip around the American people’s necks?
Why on earth do they not support and work to adopt the FAIR SHARE BALANCED BUDGET AMENDMENT which begins as follows?
“SECTION 1. The Sixteenth Amendment is hereby repealed, and Congress is henceforth forbidden to lay any tax or burden calculated from sales, profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
JWK
When Federal Reserve Notes were made a legal tender in violation of our Constitution, and a direct un-apportioned tax was imposed upon the people without their consent, America’s free enterprise, free market system was subjugated, and the tools of oppression were made available to some very immoral and nefariously evil people.
/——/ I’m 71 and retired 7 years, living on option trading, real estate gains, SS, book royalties and a small pension. What am I confused by?You seem very confused about retirement
With no changes SS funds 80% of existing obligations.
Lifting the payroll cap funds it FOREVER
Not likely?Not likely but even if it does, that's the risk of investing. You won't lose everything you put in. Yes, I lost a couple thousand bucks, but hopefully will live long enough for that to come back and more.