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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (218714)	2/10/2005 8:43:58 PM
From: RetiredNow	Respond to of 1575173

Fairly unbiased article on SS. It calculates the return you'd have to get in a personal account to offset the anticipated reduction in your SS payout at 6.3%. It said history has shown that in any given 30 year period, a 50/50 mix between stock and bonds beats this return 97% of the time. A 60/40 mix beats it 100% of the time. So if you have a 30 year horizon, meaning if you are 35 or younger when these accounts get set up, then you have a 97-100% chance of coming out ahead in the deal. I like those odds, even though it's too late for me. money.cnn.com

To: RetiredNow who wrote (218714)	2/11/2005 2:28:24 AM
From: tejek	Read Replies (1) \| Respond to of 1575173

This guy is ignoring payrolls of small private businesses. When we have a jobless recovery like we've had in 2003, going into 2004, many qualified people turn to their own businesses. These people don't show up in the statistics, but they are making money. If you were to include these people in the numbers then gainfully employed people would rise sharply and the unemployment figures would come down. The self employed pay payroll taxes......so do small businesses They are counted in the labor force. However, liberals don't like to count any gainfully employed people that might shed doubt on their assertion that the economy is in shambles and it's all Bush's fault. Who said the guy was a liberal? He posts on a non partisan business site. Its a sad state of affairs when someone must be liberal because they disagree with your assessment. Meanwhile, my portfolio earned 10.5% last year and 28% the year before, and I still have a good paying job. Inflation is low, rates are low, corporate profits are at an all time high, stocks are undervalued when compared to 10 year bond rates, unemployment keeps coming down, and consumer spending has remained robust. Looks pretty good from where I'm sitting. Keep ignoring the growing deficit, the horrendous foreign trade imbalance, the rising cost of oil and the sagging dollar. Yup. Every thing is just fine! ted