• Retired ? How Long Will One MILLION Last You ?

    From 26xh.0712@21:1/5 to All on Sat Jul 6 02:30:57 2024
    XPost: talk.politics.misc, alt.politics.usa, alt.retirement

    https://www.dailymail.co.uk/news/article-13606017/new-study-retirement-savings-state.html

    . . .

    Hawaii is the WORST - barely 9 years. This is sort of
    expected since most everything has to be shipped in.

    Other places - 15-20 years. The Big Blue States tend
    to be the most expensive.

    The trick, of course, is to not count on 1M in CASH
    for retirement. You need stuff that earns INTEREST.
    SOME things, blue-chips in particular, can make you
    a fair amount of interest. CDs and Savings Bonds,
    fair, but not as much - however the RISK is lower.

    Think your 401 is gonna save you ? NOT ! Very few
    have enough in a 401 to get by over decades - and
    the 'left' keeps scheming to find ways to tax 401s
    more and more and more.

    DO you have a secure pension ? LONG-term govt workers
    might in some states but corps DO tend to go broke
    kinda regularly.

    SS ??? Come ON now ! Even if you were making near
    six figures your SS is unlikely to be more than
    2$K per month. That'll barely pay today's rent.

    In short, retirement is EXPENSIVE - don't pretend
    otherwise. What "They" want is to trap you in wage
    slavery right up until you literally DROP DEAD.

    And that's how it is.

    The GOP is a little - but ONLY a little - less
    retirement-friendly. Even the Dems/left still
    want you to die on the job, fall off your walker
    onto your head. The USA does not make the money,
    does not have the future, it used to have. Thank
    your "leaders" - who YOU voted for.

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