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Rose Siding (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:39 PM Original message |
Former treasury secretary proposes investment savings accounts |
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nothingshocksmeanymore (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:42 PM Response to Original message |
1. O'Neill has always wanted to do away with SS..that was his mission |
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struggle4progress (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 10:38 PM Response to Reply #1 |
17. Exactly my reaction. Very expensive. Costs balloon. Debts mount. |
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LoZoccolo (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:42 PM Response to Original message |
2. It's called a Roth IRA - do it your self. |
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oneighty (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:43 PM Response to Original message |
3. Pie in the sky |
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The_Casual_Observer (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:44 PM Response to Original message |
4. Assuming some unrealistic interest rate, which would never be |
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MidwestTransplant (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:56 PM Response to Reply #4 |
7. It would require exactly 10% per year. |
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whistle (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:45 PM Response to Original message |
5. Why not just give every new born $1 million and let that investment |
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Doremus (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:50 PM Response to Original message |
6. This is all well & good for people who aren't born yet. |
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oneighty (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 08:58 PM Response to Original message |
8. Is it true? |
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NYC (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 09:09 PM Response to Original message |
9. How much will $1 million be worth 65 years from now? |
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tcoursen (137 posts) Send PM | Profile | Ignore | Tue Feb-22-05 09:33 PM Response to Reply #9 |
10. the article |
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papau (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 09:39 PM Response to Reply #10 |
11. It only works if taken from new tax or voluntary withholdings - borrow and |
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Warren Stupidity (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 09:57 PM Response to Reply #11 |
13. i'd go for that one |
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Warren Stupidity (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 09:50 PM Response to Reply #10 |
12. what is wrong is its using a rosy scenario |
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NYC (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 10:13 PM Response to Reply #12 |
14. And that is still only $1,000,000. |
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Warren Stupidity (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 10:22 PM Response to Reply #14 |
15. take the inflation issue out |
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papau (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 10:32 PM Response to Reply #15 |
16. True :-) |
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NYC (1000+ posts) Send PM | Profile | Ignore | Tue Feb-22-05 11:06 PM Response to Reply #15 |
18. It's the Pollyana retirement scheme. |
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DU AdBot (1000+ posts) | Mon Sep 16th 2024, 03:14 PM Response to Original message |
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