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Great! I am 25 now ... if I follow the plan I will have $1 million 40 years from now! I can then safely take out 3% per year during retirement (according to other MSN experts). So I'll have $30,000 per year in retirement starting in 2055. That's the equivalent of roughly $7,000 per year inflation adjusted! Whoopee!
"So we've got to boost income as well as trim expenses, and that means raising taxes."
I don't think the author even comprehends how ignorant the above statement is. Raising federal income taxes may increase revenue in the very short term. However, higher rates changes people's behavior and such behavior offsets ...more
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