At 09:06 PM 2/18/2005 -0800, Doug wrote: >> Let me put it another way. Retirement is a predictable and forseeable >> problem. One can reasonably assume that as one advances in years, one >> will want to continue to consume goods and services, and that one will be >> either unwilling or unable to work in order to fund that consumption. >> Thus, isn't the moral thing to do to save in proper amounts to fund one's >> retirement, rather than leaving that problem to be solved by future >> generations? > >So you put 12.4% of your income (to some limit), your employer matches it >and vwala! You've saved for retirement!!
Except for the fact that the number is not saved and invested, it is taxed and spent. John D. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
