SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : MITT ROMNEY
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GROUND ZERO™ who wrote (2275)2/26/2008 11:12:32 AM
From: Augustus Gloop  Read Replies (1) of 5586
 
I can't find my BA35 calculator but someone can run these numbers.

Lets say a person averages 40k of income between the ages of 22 and 62. Take 10% of that figure 5% employer/5% employee as the contribution to strictly a retirement plan. Use 5% compounding growth and see what you come up with for a number. Now, figure another 2.65% employee/employer contribution for the insurance aspect of SS.

At 62 the employee would have a fairly nice account that HE OWNED and could pass to his beneficiaries. Add any pension, 401k, 403b, IRA, Roth, 457 etc etc contributions to that equation and people could retire well!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News