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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The 18% Rule or Supersize it?
Either you save 18% of your income in your 401K or your gona be sayin, "Supersize that for ya" till U die.....
Looks like what yo Daddy has for a Retirement is gona be a thing of the past with the GREAT MAJORITY of Americans HAVING to work till they die...
There just isn't enough of saving going on in America, and since Corporations motto is to use U till your all used up, then discard U without a care....
With the advent of the 401K replacing the Company Retirement Plan the ONUS of saving is now upon the worker since the employee now contributes 51% of his/her retirment savings...and of course the responsibility of investing the moniews is left to the employee who has enough trouble just managing to balance his/her check book...
The American Standard of Living is going to decline rapidily in the next decade or two....
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"Some Observer"
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