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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (47846)	3/31/2004 3:41:42 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

The article assumes a person may live to 90-100 and would need to leave a large estate to....whom ? grandchildren ? Own children would be 60-75 years old. ********** For J6P, 41k at 47 could be 90-100k by age 67 at 4%. With a few more donations to the 401(k), might hit 120k . At 5% (assuing interest rates rise), that's 6k a year. Put into annunity, could be 7-8 k a year. WHich is still lousy. If one family member continues to work for about another 7-8 years, the "genteel poverty" phase can be postponned. Sign me up for the "get 10 million plan"