- Sep 19, 2011
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How many times have we heard so many times by extremely ignorant people including I just heard Robert Gibbs of Obama campaign "privatizing SS and investing in risky stock market"!
and From Obama:
".. including privatization, which essentially is going to put peoples retirement at the whim of the stock market.."
BUT is there a risk? The following article describes in more detail and the essence of the whole question really revolves around do Democrats think Americans are idiots?
The Democrats evidently don't think Americans approaching retirement would evidently be as stupid as Obama/Gibbs and others that make that statement!
MOST Americans approaching retirement age WOULD NOT be in the "risky stock market"!
BECAUSE privatization means the individual has the choice of where the SS payments will be put.
ALL financial advisers and most intelligent people know that from age 25 to 45 the investments would be in the "risky equity market" MOST likely! Doesn't have to be! Depends on the individual.
THEN most advisers and intelligent people would be at 45 moving accumulations from 25 into more secure assets with less in "risky stock market".
AND the point is as the worker approaches 65 MOST if not ALL is in the exact same investments that SS is in.. i.e. Treasuries!
So does this mean Democrats/Obama/et.al. that complain about the "risky stock market" are IDIOTS? YES because evidently they don't know how financial planning works... grow while young as grow older move to more secure! It is that simple but these idiots don't seem to realize it!
As the following article shows a worker at 25 starting salary of $42,569 ( College graduates of 2012: More jobs, bigger paychecks - Apr. 3, 2012)
From age 25 to age 65 salary 20% every 10 years.
Starting age 25 with putting $5,862 per year 10 years at historical appreciation rate of New York Stock Exchange of 6.5%
Age 35 salary $51,083 putting $7,034 per year 10 years at 6.5%
and so forth until age 65 when salary is $73,559 and over time rate of return decreased as moving more from equity to interest generating.
Total Accumulation at age 65 which is then totally in secured NON RISKY stock market.. $941,417
Private Investment Is More Risky than Social Security? | The Freeman | Ideas On Liberty
and From Obama:
".. including privatization, which essentially is going to put peoples retirement at the whim of the stock market.."
BUT is there a risk? The following article describes in more detail and the essence of the whole question really revolves around do Democrats think Americans are idiots?
The Democrats evidently don't think Americans approaching retirement would evidently be as stupid as Obama/Gibbs and others that make that statement!
MOST Americans approaching retirement age WOULD NOT be in the "risky stock market"!
BECAUSE privatization means the individual has the choice of where the SS payments will be put.
ALL financial advisers and most intelligent people know that from age 25 to 45 the investments would be in the "risky equity market" MOST likely! Doesn't have to be! Depends on the individual.
THEN most advisers and intelligent people would be at 45 moving accumulations from 25 into more secure assets with less in "risky stock market".
AND the point is as the worker approaches 65 MOST if not ALL is in the exact same investments that SS is in.. i.e. Treasuries!
So does this mean Democrats/Obama/et.al. that complain about the "risky stock market" are IDIOTS? YES because evidently they don't know how financial planning works... grow while young as grow older move to more secure! It is that simple but these idiots don't seem to realize it!
As the following article shows a worker at 25 starting salary of $42,569 ( College graduates of 2012: More jobs, bigger paychecks - Apr. 3, 2012)
From age 25 to age 65 salary 20% every 10 years.
Starting age 25 with putting $5,862 per year 10 years at historical appreciation rate of New York Stock Exchange of 6.5%
Age 35 salary $51,083 putting $7,034 per year 10 years at 6.5%
and so forth until age 65 when salary is $73,559 and over time rate of return decreased as moving more from equity to interest generating.
Total Accumulation at age 65 which is then totally in secured NON RISKY stock market.. $941,417
Private Investment Is More Risky than Social Security? | The Freeman | Ideas On Liberty
