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Strategies & Market Trends : 50% Gains Investing

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To: gizwick who wrote (117825)	2/4/2014 2:21:37 PM
From: maverick61	Read Replies (2) of 118717

It is too bad that many of our younger people just want to spend and not save. At my employers workers are eligible to participate in matching retirement and HSA accounts and only 1% do it. Most of them would rather have a Coach purse than save anything for their retirement. It is definitely the me generation. Spot on. Unfortunately too many folks think the government will take care of them when they get old, yet our national debt spirals out of control. Too much entitlement mentality among folks I started saving early on - both for retirement plus non-retirement funds via automatic transfers from my bank account and built up a nice nest egg. Always maximized retirement contributions to get my employer match. People who do not amaze me. By not doing so you are pissing away free money. I have already told my daughter when she finishes college and starts working in the real world, she is going to give me 5% of her check each pay that I will invest for her. The power of compounding works wonders over time

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