Grassley picking winners

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The Conservative
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Joined: Wed Nov 30, 2016 9:43 am

Re: Grassley picking winners

Post by The Conservative » Fri Dec 01, 2017 12:15 pm

DBTrek wrote::lol:
Like you’d fucking know.
Mr. Money Beard can tell you how to retire on half that.
But he’s actually a practitioner, not an armchair philosopher.
Actually, I do. Unless you adjust the way you live, you will be living off of 1/4 of the money you were bringing in originally. Hence SS...

If you want to have an income beyond bare minimum you will have to be financially savvy about saving up and putting it in a place that will not have double taxation. If you don't your income will be cut again upon withdraw, and in that case, you will be losing another 10 to 25% off the top.

So a million dollars for retirement is not a lot of money. At a bare minimum of 5% profit, you are looking at 50K a year profit, which is good, you could do 500K... and in turn, cut that in half...

So yeah, let's be real, if you have a family, living off of a Million for the rest of your life, you can do it, if you don't spend beyond a specific extent for when the market is down, your nest egg won't be as strong.
#NotOneRedCent

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Zero
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Joined: Wed Nov 08, 2017 9:48 am

Re: Grassley picking winners

Post by Zero » Fri Dec 01, 2017 12:27 pm

We got in the weeds with people getting triggered for being savers. The issue I have is a political leader rewarding those that already have plenty as opposed to putting more money back in the hands of those who don’t, but are paying their share. I’m not talking about the 47% that don’t pay income tax.

Plus, if he’s so fucking big on thrift, then sponsor bills that push to emphasize it in schools and create programs that encourage savings for the young, independent of their parents. Help people set themselves up for a successful mindset early. That’s still the best place to show kids how to do it and why it’s important.

But no, gotta help out those that think passing on over $11 million tax free is still not enough.
Hontar: We must work in the world, your eminence. The world is thus.

Altamirano: No, Señor Hontar. Thus have we made the world... thus have I made it.