CAN SOMEONE EXPLAIN THIS TO ME WITHOUT MAKING ME FEEL DUMB?
I make about $85,000 a year. Between what I pay and what my employer pays, around $10,500 goes into Social Security every year.
Over a 40 year career, that's $420,000.
If that same $10,500 a year had gone into an index fund averaging 7%, it would be worth about $2.1 million at retirement. Take out 4% a year and that's about $84,000 a year, and the money never runs out.
Social Security says I'll get $2,650 a month at 67. That's $31,800 a year.
$84,000 versus $31,800.
THEN WHY IS IT CALLED "WHAT YOU PAID IN"?
I'm not trying to start a fight. I genuinely want someone to show me where the rest of it goes.
>talking to coworker
>he’s jewish
>says his family is from Manhattan
>9/11 comes up
>I say “damn, dude, was your family ok? You guys must’ve been there around that time”
>”actually my parents were out of town that day”
Gotta be kidding me with this shyt
An Elite Basketball Player
Ty Jerome can’t jump over a phone book and might be the slowest guard in the NBA baseline to baseline but he has all
• Plays with pace
• Has no weak hand
• Can make any shot
• Has an Extremely High IQ
45 pts
🚨 Arman Tsarukyan says the UFC told him he'll fight for the title in February or March next year
He was given two possible opponents: Justin Gaethje, or another name if Gaethje retires
Arman believes Gaethje will retire and he will fight the other name 👀
(via @arielhelwani)