Monday, January 28, 2013

Steve's barking so ya think ya can do better then Social Security

For those who think they can do better then Social Security if you had the money to invest instead of giving it to the government's annuity program that pays a cola, compare it to your 401 K and if you don't have one check with you uncle, aunt or cousin who have one. If the 401 k puts a side 13% of the salary and  when you retire you  can be getting more then the 8 to 22,000 a year then you might be right.
If only this statement would put an end to those stupid statements that claim how bad an investment Social Security is as an investment and you would be better off if you invested on your own (claiming that if you invested in government bonds with compounding you would be better off (The math  along with the yields don't add up).
A look at the 401 K is one way of looking if a person could do better if they invested the money that was taken out of a workers check.  It could get complicated because 13% is not the average one puts into a 401 K.
The formulas is something for math geeks to work on.

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