healthmyths
Platinum Member
- Sep 19, 2011
- 29,353
- 10,803
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There are MORE democrat/liberal/progressives that are violently against the average USA worker accumulating a retirement nest egg of $400,000 or more!
An average worker grossing $30,000 a year at age 23 after college entering the workforce with the salary increasing by 20% every 10 years for 42 years would have along with employer had $331,715 deducted.
If the worker HAD the freedom to direct the accumulation into a simple savings account that paid over 42 years 2% interest would accumulate $628,077!
Why is there ANYONE against the worker accumulating this?
And if the worker using tried and true financial planning where at young age more growth oriented assets moving to balance at middle age and almost all secured assets nearing retirement the average accumulation at 6% for 42 years would be: $1,985,897!
So why did ALL democrats/liberals/progressives all scare seniors thinking their social security was when Bush proposed privatization going to be at the hands of Wall street!
Gambling with their social security!
LIED through their teeth and seniors NEVER heard Bush's plan and now Ryan's plan
would HAVE NO CHANGES for over 55 years old!
No they showed Ryan pushing grandma over a cliff!
Isn't it just amazing the power of compound interest that could make the average worker at $30,000 a year accumulate almost $2 million!
Never again depending on anyone but at 5% interest earnings have $100K/year for ever!
Never having to depend on Medicare! Or the Government!
WHY folks are liberals/progressives against the ordinary person accumulating millions?
Ignorance is the ONLY reason I can think is why they are against it!
An average worker grossing $30,000 a year at age 23 after college entering the workforce with the salary increasing by 20% every 10 years for 42 years would have along with employer had $331,715 deducted.
If the worker HAD the freedom to direct the accumulation into a simple savings account that paid over 42 years 2% interest would accumulate $628,077!
Why is there ANYONE against the worker accumulating this?
And if the worker using tried and true financial planning where at young age more growth oriented assets moving to balance at middle age and almost all secured assets nearing retirement the average accumulation at 6% for 42 years would be: $1,985,897!
So why did ALL democrats/liberals/progressives all scare seniors thinking their social security was when Bush proposed privatization going to be at the hands of Wall street!
Gambling with their social security!
LIED through their teeth and seniors NEVER heard Bush's plan and now Ryan's plan
would HAVE NO CHANGES for over 55 years old!
No they showed Ryan pushing grandma over a cliff!
Isn't it just amazing the power of compound interest that could make the average worker at $30,000 a year accumulate almost $2 million!
Never again depending on anyone but at 5% interest earnings have $100K/year for ever!
Never having to depend on Medicare! Or the Government!
WHY folks are liberals/progressives against the ordinary person accumulating millions?
Ignorance is the ONLY reason I can think is why they are against it!