Let's keep the talk on this forum to stuff about Triumphs. Not the place for
running
commentary of political issues.
Mike Jackson
JCJCarrera@aol.com wrote:
> Wheels, oil cartels, trade deficits complaints I can tolerate, but Bush has
> got the right ideas on SS.
>
> SS originally started out as a check to bury your loved ones during the great
> depression. In fact the rousing bene is $255!!!--don't think it has gone up a
> dime. After the hassle we went through on the death of my wife's mother in 00
> to get the lousy $255, we didn't waste our time when her Dad passed on last
> year.
>
> In true Democratic fashion, those of us willing to learn the investment
> world, save, and not get caught up in dot coms, tech stocks with no revenues
>let
> alone earnings, have been penalized for the "guaranteed" hand outs to those
>who
> are smart enough to vote in "elected" reps who know how to buy the votes by
> promising something for nothing. ( I believe my English teacher would have
> described that last sentence as a run-on, something one of my TR's does when
>I try
> to shut her off)
>
> I've paid in the max since I started working, if I start drawing down in 06
> when I'm 62, I'll get a rousing $1,425 a month. Simply saving the same
> deduction on my own and investing it in a very conservative 60% stock, 40%
>bond
> portfolio would have tripled my monthly withdrawal!! And if I pass on before
>I draw
> my own account down, what's left after estate taxes goes to my heirs! Yes, to
> save and be disciplined would take some restraint, something FDR and Hilary
> don't think the average American could possibly do!
>
> Thanks for listening and thanks for all the great TR info!
>
> JJ
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