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How you can Double Social Security Benefits and Pay for it Too,[link widoczny dla zalogowanych]
Good thing too. I remember. Case in point. Three men, all cooperating in 1998 or so,[link widoczny dla zalogowanych], and nearing retirement. The second man died of a cardiac arrest within 6 months in his sleep. However the third man?
The 3rd man was wiped out. He's nearing 70 and can't manage to retire,[link widoczny dla zalogowanych].
Here's the thing. rk is right,[link widoczny dla zalogowanych]. My grandparents lived through the Crash of 1929,[link widoczny dla zalogowanych]. The ones remembered. There were values about earning an honest wage and paying cash and raising families and leaving generation x better than you had it.
My father's generation fought in WWII. Where you had a progressive tax system and Social Security however,[link widoczny dla zalogowanych], you also had the space program and it was the period in which the United States had become the largest economic power in the world.
Bullseye and I are of the identical generation. Maybe Trix you are too,[link widoczny dla zalogowanych]. We are the babyboomers. I am on the tale end of it.
And I remember being told how selfish my generation was and just how we couldn't know what it meant to work and just how easy we had it.
And I look at the country that my grandfather's generation built and my father's generation built and I look at the state from the economy and that i tell myself:
Damn when they weren't 100% right,[link widoczny dla zalogowanych].
One thing a lot of folks don't appear to grasp is that the market down swing didn't "wipe out" anybody who didn't do precisely the wrong thing in the wrong time. Yeah the paper value of your 401k or any other account transpired but the number of shares stayed the same,[link widoczny dla zalogowanych]. Had you continued to desposit in to the account you'd being adding shares at bargain prices so when the market returned all of the shares you had before PLUS all of the brand new ones you purchased a minimal prices all gain value and you wind up well ahead of in which you were.
Allow me to be clear stock investment isn't for everybody - even though the ups and downs are smoothed out over decades the ups and downs can be disturbing. Despite the fact that returns for small ,[link widoczny dla zalogowanych], mid cap stock funds have averaged 10% or better if you need to check the value of your account every day for forty years to sleep during the night, I suggest going elsewhere; hp's beloved annuities may be worth considering.
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