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Anonymous (not verified) says:
Any simple financial idea is most likely a risky venture. Anyone who thinks that SS is gaing only 2% per annum on investment over an expected retirement life is expecting to be dead very few years after retiring.
As my ex-cop friend reported, she got back her actual retirement investment in very short order. She expects to live another 20 or 30 years and is quite happy that she will get a constant flow of money for all that time. Had she invested in the market, she might have been close to broke by 2002.
If you feel the need to have a savings account, use an IRA. sock away as much as possible each year and between SS and the proceeeds of the IRA you will be happy. If you feel the need to spend every cent out of each paycheck, you are a lost cause you are so poor that it is a moot point about a savings account.
Remember to never trust a Republican about money. If they knew how to handle it would we be so heavily in debt now? GW Bush started with $5 trillion surplus facing him. He will end with a $9 trillion deficit. If that is fiscal responsibility I am Santa Clause and the Easter Bunny all in one. Bah Humbug.
Any simple financial idea is most likely a risky venture. Anyone who thinks that SS is gaing only 2% per annum on investment over an expected retirement life is expecting to be dead very few years after retiring.
As my ex-cop friend reported, she got back her actual retirement investment in very short order. She expects to live another 20 or 30 years and is quite happy that she will get a constant flow of money for all that time. Had she invested in the market, she might have been close to broke by 2002.
If you feel the need to have a savings account, use an IRA. sock away as much as possible each year and between SS and the proceeeds of the IRA you will be happy. If you feel the need to spend every cent out of each paycheck, you are a lost cause you are so poor that it is a moot point about a savings account.
Remember to never trust a Republican about money. If they knew how to handle it would we be so heavily in debt now? GW Bush started with $5 trillion surplus facing him. He will end with a $9 trillion deficit. If that is fiscal responsibility I am Santa Clause and the Easter Bunny all in one. Bah Humbug.