Comments on: The American Retirement Account http://cashmoneylife.com/2007/10/12/the-american-retirement-account/ Your Money. Your Career. Your Life. Thu, 20 Nov 2008 15:40:46 +0000 http://wordpress.org/?v=abc By: A Clsoer Look At Your Social Security | Moolanomy http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-11600 A Clsoer Look At Your Social Security | Moolanomy Mon, 18 Aug 2008 13:00:28 +0000 http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-11600 [...] The American Retirement Account at Cash Money Life [...] [...] The American Retirement Account at Cash Money Life [...]

]]> By: Patrick http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1889 Patrick Mon, 15 Oct 2007 10:03:17 +0000 http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1889 Brandon, I was definitely not a fan of Clinton's <a href="http://cashmoneylife.com/2007/10/04/hillary-clintons-baby-bonds-are-a-bad-idea/" rel="nofollow">Baby Bonds</a> idea, which thankfully was scrapped. I'm not sure this idea will have much more of an effect than to get more people thinking about retirement and hopefully saving, which I believe is the intent. Running the numbers, $500-1,000 per year will not be enough for people to retire on. Unfortunately, many people would think that that money, plus Social Security will be all they need and won't save any extra. I don't believe this is the answer, but I also do not have the answer. Brandon,

I was definitely not a fan of Clinton’s Baby Bonds idea, which thankfully was scrapped.

I’m not sure this idea will have much more of an effect than to get more people thinking about retirement and hopefully saving, which I believe is the intent. Running the numbers, $500-1,000 per year will not be enough for people to retire on. Unfortunately, many people would think that that money, plus Social Security will be all they need and won’t save any extra.

I don’t believe this is the answer, but I also do not have the answer.

]]> By: Brandon J http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1885 Brandon J Mon, 15 Oct 2007 03:13:56 +0000 http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1885 I really hate to sound like a normal ignorant anonymous internet commenter. But I have to say that most of Hillary Clinton's ideas are garbage. I wish she was elected to identify the problems and inequalities in the US and have a Republican or moderate decide how to fix it. Income redistribution doesn't work no matter how one tries to package it. IMHO Brandon J <a href="http://moneyformilitary.blogspot.com" rel="nofollow">Money for Military</a> I really hate to sound like a normal ignorant anonymous internet commenter. But I have to say that most of Hillary Clinton’s ideas are garbage.

I wish she was elected to identify the problems and inequalities in the US and have a Republican or moderate decide how to fix it. Income redistribution doesn’t work no matter how one tries to package it.

IMHO

Brandon J
Money for Military

]]> By: Patrick http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1859 Patrick Sat, 13 Oct 2007 17:17:09 +0000 http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1859 Dong, The tax system here in the US is just so complicated I wouldn't know where to begin as far as reforming it. As far as the American Retirement System, right now it is just an idea that hasn't even been proposed to Congress yet. Basically it is designed to help Sen. Clinton gain favor within her party and with voters (translation a political move). Who knows if we will ever see it or not? Dong,

The tax system here in the US is just so complicated I wouldn’t know where to begin as far as reforming it. As far as the American Retirement System, right now it is just an idea that hasn’t even been proposed to Congress yet. Basically it is designed to help Sen. Clinton gain favor within her party and with voters (translation a political move). Who knows if we will ever see it or not?

]]> By: dong http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1847 dong Sat, 13 Oct 2007 04:05:51 +0000 http://cashmoneylife.com/2007/10/12/the-american-retirement-account/#comment-1847 I don't know enough about the plan to be for or against it. However funding it by freezing the estate tax at 2009 levels doesn't seems all that bad. The estate tax is set to expire in 2010. Personally I'm a fan of the estate tax. I'm not fan of large sums of wealth being passed from generation to generation without any tax. I much rather have higher estate taxes than income taxes. It's not an estate tax is disincentive to die. But, I guess my feelings on the estate tax is a reflection of my politics... I don’t know enough about the plan to be for or against it. However funding it by freezing the estate tax at 2009 levels doesn’t seems all that bad. The estate tax is set to expire in 2010. Personally I’m a fan of the estate tax. I’m not fan of large sums of wealth being passed from generation to generation without any tax. I much rather have higher estate taxes than income taxes. It’s not an estate tax is disincentive to die. But, I guess my feelings on the estate tax is a reflection of my politics…

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