velvetechos ([personal profile] velvetechos) wrote2003-12-03 07:58 am

(no subject)

A twenty-five year old women who makes 35,000 a year, and sticks twelve percent of her income (that's just a measly one percent a month) into an IRA account, will have over one million dollars saved up by the time she retires.

[identity profile] warlockuk.livejournal.com 2003-12-03 07:36 am (UTC)(link)
That's if she can maintain employment for 38 years. Worse yet (over here) if you save that money and then are unemployed social security won't help with mortgages or anything because you have savings.

Also, by IRA I meant the terrorist organisation that has been bombing us for years that the US has armed for well over a decade. :)