Fmr jarhead
Senior Member
cptpwichita said:my question is- of all my investments which one do you think i will gain the worst rate of return on?
The 6.4% of your earnings that is matched by your employer (12.8%) up to the first $90,000 you make....or roughly $11,520 per year that the government takes will earn the lowest rate of return.
Anyone care to do the math on what you would receive if you earned 90K for 10 years, and that was the only money you invested at an average rate of return?
Figure a long term investment of only 10 years.....and deposited once every 2 weeks.
It would net over $166,000 at a 6.9% return.
If you lived another 20 years (240 months) your investment would return 1275 per month before you ran out of cash!
Now the scenario is quite different for Social Security.....I would much rather be in control of that money, than let Congress decide what to do with it. (after all, I earned the money, and I should be allowed to fund my own retirement as I see fit!)