In 2016 the official poverty level income for a 2 person family is $15,930.
To make that much money from risk-free "savings" ie banks are paying interest of around .15%.
You would need to have $10,620,000 in your bank account at that interest rate to make $15,930 every year.
Something isn't right and it is clear to me that those who represent me (and you) don't care what is happening to America in retirement.
The beatings will continue. Maybe the morale will get worse before it gets better.
I hope so. It will make for a better fight.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now managing the Parisian Family Office. A White Earth Chippewa, raised conservative, growing up in the poorest county in the U.S. on the Pine Ridge Indian Reservation, he began a Wall Street career in 1982. Always been, will always be, an optimist. In a world on a dopamine binge, this is his take on life from Ghost Ranch in MT, Pamelot, his TN farm or their home in San Jose del Cabo, Mexico.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment