Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (214658)	1/11/2005 4:43:32 PM
From: Road Walker	Read Replies (1) of 1574383

re: 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. First 7% isn't conservative when you are talking a mix of bonds and stocks. I would be surprised if you could put more than 25% in stocks. So say you can withdraw $1K per month (not much, especially when you consider 30 years of inflation), $12K a year. You've got 8 years (assuming you do real well with your investments, maybe 10, 11 years). Then you go to your reduced SS benefit payments. Some safety net... John

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