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Message Subject
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We need to cut back medicare and social security from retired boomers
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Poster Handle
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Anonymous Coward |
Post Content
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we paid in for 40 yrs.. get a job loser
Quoting: Anonymous Coward 85325960 For 40 years of your work, what you earned doesn't even account for 10% of the money the government will need to spend on you in the future. And saying that you've paid everything off is ridiculous. It’s like you are asking for something worth a thousand dollars after paying only a hundred dollars. This is socialism. Quoting: Anonymous Coward 83539868 they just need to pull up their boot straps and get a job Quoting: Anonymous Coward 85344578 You are obviously horrible at math..4-5K a year invested into a good basket of mutual funds over 40 yrs would yield millions at the end. I could earn 5% on lets say 3 million and get 12.5K/mo..and when I die..my kids would get the 3 million so ACTUALLY ITS A RIP OFF Quoting: Anonymous Coward 85325960 Here 'mer, I'll help so we don't have to just 'lets say' : Here are the numbers calculated on your figures compounded out to the fortieth year Year Opening Balance Annual Earnings Yearly Investment Closing Balance \\\\\\\\\\ 1 0 0 5000 5000 \\\\\\\\\\ 40 570488 28524 5000 604012 Your 'let's say 3 million' is actually 604012 dollars, assuming the other half of your figures were correct. I am going to assume you used more 'mer embellishments on that as well and your 4-5k a year was probably your very last working year's contribution, graduated up annually from around 4-5 hundred dollars a year at the start of your careers. Your 'good basket of mutual funds' would have also taken 'good basket of mutual funds' ' fees every year, so the reality is that your total contribution including compound interest is in the order of 150 to 170k. Do you think you can work out what you would get a month from that total contribution and still leave the 150-170k to your kids? You 'mers are so far removed from reality with your attitude of entitlement even extending to armed threats to the younger generations to uphold your perceived entitlement. I read the entire thread, and the only 'mer comment indicating any actual critical thinking was the one saying that they are going to burn the whole pile of shit down anyway. It seems, from your comments, that you have earned those jabs that you say you were 'forced' to take.
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