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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (319791)1/9/2007 10:02:51 PM
From: SilentZ  Read Replies (2) of 1577114
 
>$5M is too high. Why do you think $500K is too low? Are they just scraping by?

If you have a couple living on a savings of $500K from the time they're 60 till the time they're 90, that money could easily run out over that time, especially if Social Security goes away. Also, $500K goes really quickly in bigger cities like NYC or LA.

Now that I think about it, trying to get people to save less and rely a little more on Social Security really isn't such a bad idea economically... saving isn't good for an economy -- that money should be put back into the economy over and over.

-Z
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