Wednesday, January 26, 2005

 
THANK GOD I DON'T HAVE TO RELY ON RISKY STOCKS FOR RETIREMENT

From the Heritage Foundation Social Security Calculator:

You can expect to pay $545,704 in Social Security taxes over your working life for retirement and survivors benefits. For those taxes, you can expect to receive $3,045 a month in Social Security retirement benefits. Your rate of return under today's Social Security is -2.17%.

However, if you had been able to invest your Social Security taxes in a Personal Retirement Account (PRA), you would have had a total of $2,076,585 when you retired. Your monthly benefits would have been $16,915. You lost $13,870 a month.

But if I was able to control and grow my own retirement funds, then how would the AARP scare me into voting Democrat?

posted by Stephen. 9:49 AM