S & P Dire Warnings

[Tom Joad]

Originally Posted by MrPots

The markets continue to piss me off. What's a guy with a 401K to do.....

Up...then down...up then down....

You should be OK Potter.

Not because of your 401 K, but because of Social Security.

The most I ever made while I was working was 55K a year and I draw $22,500 a year in Social Security. And I only have to pay $105 a month out of that for Medicare.

So if you and your wife did about the same as I did, you'll get about 45K a year combined from Social Security. That's enough for a frugal empty nester couple to live with some semblance of dignity as long as they stay away from high cost of living areas.

But make no mistake.

The Koch Brothers, who have enough wealth right now to pay yours and your wife's social security for the next 2.2 Million years, (http://www.bloomberg.com/news/2014-0...rs-to-ads.html) are not satisfied with that. They want more, and they have sent their hired guns, the Republicans, to take your Social Security away from you.