Sludgeyy

joined 1 year ago
[–] [email protected] 0 points 2 weeks ago (2 children)

Half a decade ago, Kendrick Lemar kicked a white woman off stage for saying it.

She apparently had the rap down and didn't think about it.

I wouldn't say it in public, in a quote or song. The amount of people that would get angry at you is more than the people that would stand up for you.

[–] [email protected] 6 points 2 weeks ago

I knew a guy named Richard Odar, pronounced odor. He didn't go by Dick.

[–] [email protected] 4 points 2 weeks ago

Video games, Movies, Books

It has 3 solid GameCube games

It has 3 soild movies

It has 3 solid books

[–] [email protected] 6 points 2 weeks ago

Black is wasting tempo to offer a queen trade

Black is not developing any pieces

Even without the blunder it's just a poor move

[–] [email protected] -1 points 3 weeks ago (1 children)

We administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare.

Social Security provides retirement income for almost every American worker.

Ssa.gov

An investment fund is a supply of capital belonging to numerous investors, used to collectively purchase securities, while each investor retains ownership and control of their own shares.

Investopedia.com

The only thing not making it an investment fund is that the government forcefully takes the money and you don't own the money after it is taken.

The average person gets the majority of their retirement income from SS.

Ask the average person what SS is. They will say that it is a retirement fund. What is a retirement fund? An investment fund.

Social insurance, as conceived by President Roosevelt, would address the permanent problem of economic security for the elderly by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes paid while employed.

Ssa.gov

[–] [email protected] 0 points 4 weeks ago (3 children)

The average person makes 65k

Social security is 12.4%

Medicare is 2.9%

Social Security is 8.19k

Medicare is 1.885k

Average person pays 10k a year to SS and Medicare.

Retirement age is 67

Start work at 18, 49 years of work.

S&P500 has returned an average of 10.64% apr for the last 100 years. 16.5% last 5 years.

30-year morgage is ~7.5%

Let's just assume the person could put extra money towards their mortgage, gaining 7.5% apr.

10k/12= 833.33 per month

833.33 a month at 7.5% apr for 30 years is 1.02M

833.33 a month at 10% apr for 49 years is 10.41M

Government takes 1-10M from the average American retirement account to give them SS and Medicare.

Let's say you live until 80. Average life expectancy is ~77.5. Means you have 13 years in retirement.

Average SS payment is 1,864.52 a month. 22,374.24 a year.

13 years of 22,374.24 is 290,865.12.

Average person is losing 750k-9.75M for retirement.

Medicare is a whole other beast but unless you're going to pay 750k+ on medical expenses in retirement, it's not going to benefit you.

Even with Medicare you have to pay premiums, deductibles, copayments, and coinsurance. So it's not like it's all covered for "free".

SS is a government ran ponzi scheme. Anyone else doing it would be a crooked investor.

I get that minimum wage is $7.25 and that's 15k a year. They are paying 2k a year for SS. They will most likely benefit from the system.

But the average American shouldn't be footing so much of the bill and not seeing any benefits.

It's crazy

[–] [email protected] 2 points 1 month ago

Last lap

Make it your best!

[–] [email protected] 4 points 1 month ago (2 children)

Ridge Racers

[–] [email protected] 1 points 1 month ago

Criminal Minds

[–] [email protected] 1 points 1 month ago

Low battery noise for Astro headphones

Beeeep.beep.beep beep...beep...beep

[–] [email protected] 12 points 1 month ago (2 children)
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