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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (214688)	1/11/2005 8:57:01 PM
From: Road Walker	Read Replies (1) of 1574151

re: * The averaged annualized return of FFFEX-Fidelity Freedom Fund 2030 (target retirement age of 2030), since inception, is 8.80%. * The average annualized return of FFFAX-Fidelity Freedom Income Fund (targeted at people currently retired), since inception is 6.56%. * Take the average of those two, since most people will fall somewhere in the middle and a 7% assumption is not unreasonable at all. That's history, and fantasy. Is the government going to give Fidelity the contract, and restrict everyone to that particular fund? re: It may not be much, but it's still alot more than if you decided not to invest that money in the market. The alternative is to leave your money with the current social security system and earn only 2% per year. It's a gamble, you lose you starve. SS is an insurance policy, it's pays you 'till you die. For those in the bottom, say 35% of wage earners (1 out of 3), that's critical. Maybe you have yours and you don't give a shit. John

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