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To: Dave who wrote (7781)4/30/2001 3:49:28 PM
From: Hawkmoon  Read Replies (2) | Respond to of 17683
 
Ok... get specific... :0p

But the point is that with a 5% contribution, the government matches 100%, which means that money available to be invested, or merely to be held in money market accounts, equates to a significant amount of money.

Where else can you put 5% of salary in an account and realize a 100% increase in its quantity every year??

And even if you contribute 10% of your basic pay each year, you will still realize a 50% increase to the money you contribute.

tsp.gov

Not a bad deal... The only thing we have to worry about is a reduction in the overall work force.

But even as the boomers retire, there will be available workers willing to immigrate to the US, become citizens, and provide a replacement workforce and tax base.

Show me another country that can make a similar claim claim? (and it ain't Japan or Europe). The only one that comes to mind is Chile, where there exists a strong private savings/investment program:

rferl.org

Hawkmoon