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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (92607)10/30/2008 10:43:51 PM
From: Steve Lokness  Respond to of 541598
 
Tim;

Now consider if you had invested it moderately conservatively

Ya, but the government needs some of that SS money to run the daily workings of the government. Don't fall for it Tim, this is a trick statement.

steve



To: TimF who wrote (92607)10/30/2008 10:56:04 PM
From: Wharf Rat  Read Replies (1) | Respond to of 541598
 
"Consider how much you paid in to SS over the years."

About my last 2 years contributions to my 401 K. It'll take me about 34 months to get back what I put in. Beyond that, I need you to keep working. Thank you very much.

"Now consider if you had invested it moderately conservatively (becoming more conservative as you neared retirement), you almost certainly would have had more."
Not by much; if I was to start taking the current monthly income from my IRA and 201, it would only be a few hundred dollars more than SS. Markets go up, markets go down, markets go sideways for 8 years, SS is there. My annuity.