08-31-2012, 06:24 AM
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#1426
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Mo' holla fo' yo' dolla!
Join Date: Dec 2002
Location: In a bunker in an undisclosed location
Posts: 52,694
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Quote:
Originally Posted by Odysseus
What has happened is retirement, globally, is no longer an expectation. The crisis in Europe has revealed that and people in America are being forced to look globally for solutions to retirement rather than count on American institutions as they have in the past.
Social Security, as an entitlement, is being sold to the younger generations who won't have this as an option.
Retirement math is different than making a living math. What you have stashed as your retirement fund, if you want it to be stretched out to 30 years needs to be tapped 4% at a time. This is not good if you include inflation, cost of living, shrinking dollar value, increasing medical costs, and other costs associated with aging.
The 99 percent are screwed. They are either dealing with Clinton Jr. (Obama) or Bush III (Romney)
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