Replacing social Security would provide what benefits.?
I want to elimingate SS and I ask what would apersons retirement benefit be if:
over 40 years you earn an average take-home pay of 30,000 per year. You invested in a fund at 6% and your employer matched at 6%. Your investment earn at 5% per year. How much would you amass contained by your fund, and how much could you draw beside out depleting principal when you retire.
I am looking for logically the power of compounding and what the establishment is stealing form SS recipitants due to loss of compounding. Because they are currently spending the fund. Would the average citizen be better past its sell-by date next to a system similar to FERS(federal workers retirement system) than Social guarantee. This is similar to a ? I previously asked but the answers missed the boat.
Answers:
the first answer be super but i would resembling to affix basically a few points
ok we shift your route you work another two years and you capture sick and can not work again -- where on earth to you travel for aid do not right to be heard ss disability because you did await beside it.
you finally do trademark it to the artifice age of 65 and than you should die but not you live on and on and on next to adjectives kind o primary i indicate most important hospitals bills upward to 300k or so where on earth do you walk to seize relieve do not right to be heard ss medicare you only just did away next to it
and not you are just about 80 or so and you inevitability a nursing home but you can not afford it where on earth do you move about for minister to do not speak ss because you did away near it = i am not dictum it is unblemished but your plan basically hold to frequent holes surrounded by it.
Looks similar to you are answering two things. First, what would the final fund match be after X numbers of years. I hold provided the join to a simple, but slightly usable compounding calculator.
Second ask. Would the average citizen be better stale near a system close to FERS a bit after SS?
Federal Employee Retirement System is more of a 401(k) after a replacement for Social Security. FERS workforce wages into Social Security a moment ago close to everyone else. If you choose not to invest anything in the Thrift Savings Plan (they actual 401(k) resembling slice of FERS) after you carry to retire on Social Security and a small percentage of your average remuneration.
So the answer is No, the average citizen would not be better stale lower than FERS afterwards the would near Social Security and other retirement investments. (IRA, 401(k), Keogh, etc...)
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over 40 years you earn an average take-home pay of 30,000 per year. You invested in a fund at 6% and your employer matched at 6%. Your investment earn at 5% per year. How much would you amass contained by your fund, and how much could you draw beside out depleting principal when you retire.
I am looking for logically the power of compounding and what the establishment is stealing form SS recipitants due to loss of compounding. Because they are currently spending the fund. Would the average citizen be better past its sell-by date next to a system similar to FERS(federal workers retirement system) than Social guarantee. This is similar to a ? I previously asked but the answers missed the boat.
Answers:
the first answer be super but i would resembling to affix basically a few points
ok we shift your route you work another two years and you capture sick and can not work again -- where on earth to you travel for aid do not right to be heard ss disability because you did await beside it.
you finally do trademark it to the artifice age of 65 and than you should die but not you live on and on and on next to adjectives kind o primary i indicate most important hospitals bills upward to 300k or so where on earth do you walk to seize relieve do not right to be heard ss medicare you only just did away next to it
and not you are just about 80 or so and you inevitability a nursing home but you can not afford it where on earth do you move about for minister to do not speak ss because you did away near it = i am not dictum it is unblemished but your plan basically hold to frequent holes surrounded by it.
Looks similar to you are answering two things. First, what would the final fund match be after X numbers of years. I hold provided the join to a simple, but slightly usable compounding calculator.
Second ask. Would the average citizen be better stale near a system close to FERS a bit after SS?
Federal Employee Retirement System is more of a 401(k) after a replacement for Social Security. FERS workforce wages into Social Security a moment ago close to everyone else. If you choose not to invest anything in the Thrift Savings Plan (they actual 401(k) resembling slice of FERS) after you carry to retire on Social Security and a small percentage of your average remuneration.
So the answer is No, the average citizen would not be better stale lower than FERS afterwards the would near Social Security and other retirement investments. (IRA, 401(k), Keogh, etc...)