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![]() "Dave" wrote in message . .. Your retirement planning is YOUR RESPONSIBILITY! It is NOT the responsibility of government. It is NOT the responsibility of your employer. It is NOT the responsibility of your union. The responsibility is Yours alone! As Chuck noted, the better paying jobs are being outsourced. If you don't like McDonalds then start your own business, work your butt off, put in 60, 70 or 80 hours a week, and retire a millionaire. If you choose McDonalds then plan your retirement on welfare, but don't blame McDonalds ... you made the decision to work there in a kids job. Many self-employed small businesses have folded in the Northeast since they no longer have a business base to serve. If you don't like McDonalds then get a skill such as a CDL for example. I have a son doing $1800+ a week driving 4 1/2 days a week. He quit high school at 17 and now owns a $300,000 home, has 7 kids, and is home 2 1/2 to 3 days a week. Some skill. New England Tractor Trailer pumps out drivers by the gross. Very few earn anywhere's near 1800+ a week. An interesting observation: All of your Senators and Congressmen are heavily invested in the Equity Market [stock market]. Don't you wonder why? As corporate profits go up, their net worth goes up! All of your senators have vested retirements (18,000 a month) after serving one term. They have vested health care, and most had inherited wealth to begin with. Do you wonder why they are in the market (they can afford to be, you're paying the tab) and the rich always get richer at the expense of a lessening middle class... I suspect you can easily invest $10 a week ... give up 3 packs of ciga---buts, or 2 six packs ... or a $10 lottery ticket. A simple $10 equity investment in a conservative mutual fund will produce more than $60,000 in 30 years. Invest 2 hours pay a week and the same fund will yield almost $250,000 in 30 years. Factor in pay increases [inflation] and it is easy to have a $1,000,000 fund to convert to an annuity at retirement. You've been listening to Limbaugh for too many years. Most kids starting out can barely afford to pay their bills, let alone invest money in a 401K or IRA. Most folks don't have 30 years in front of them. Baby boomers never had 401Ks or IRAs when they started off. I opened this with the following: "Your retirement planning is YOUR RESPONSIBILITY! It is NOT the responsibility of government. It is NOT the responsibility of your employer. It is NOT the responsibility of your union. The responsibility is Yours alone!" It is true! If the jobs continual to be outsourced, and if the trade deficit continues, and if foreign scab labor is allowed to bid against union scale you're going to find your savings will have very little buying power when the worth of the dollar crashes on the world market. Government is the one who is giving away and borrowing from social security and allowing the raping of this country. Pete k1zjh /s/ DD, W1MCE NOTE: |
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