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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (214653)	1/11/2005 3:02:46 PM
From: RetiredNow	Read Replies (1) of 1574532

Hi John, we know that one of Bush plans called for a max of $1K per year to be diverted. So if the person is a 35 year old today and the retirement age stays at 65 and we use a 7% per year average annual return to be conservative, they will end up with $94,461 when they are 65. So to see if Bush is cheating this individual, you'd have to know how much they are reducing his SS benefits by. If the NPV of the reduction of benefits is higher than $94K in 2034 dollars, then you know the Bush plan is cheating people. If it is lower, then the Bush plan is a good deal. That is the only way you will know. I for one will calculate the NPVs for both scenarios, as soon as the Bush plan is made available in its detail. Then I will make my investment decisions accordingly. I will only divert my money if it is a better deal for me NPV-wise.

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