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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (78648)	3/12/2001 12:22:51 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

Average person needs around $25,000 in nominal dollars a year including health care and shelter, 15 years down the road. So multiply 25K by 15 years and you get over $330,000. Savings rate is low as all funds went to heaven and therefore they buy life insurance and an annuity and try to save park some money in "conservative funds" So that is the drive and that is why WS was so successful to cheat most of the people ........... they panicked and wanted higher returns as they did not have enough savings, now they will panic even more and buy annuities and insurance and were you think the money will go? US treasuries paying 5% ?? I do not think so. Peace <GGG> Haim