I mentioned a graph in my post from last night on the Obama plan to replace your 401(k).
Here it is.
401(k) - $2500 contribution. $2500 employer match. 7% annual return (long-term average return for equities).
Obama Plan (Guaranteed Retirement Account) - $2500 contribution. $600 government match. 3% guaranteed annual return.
Besides killing a 25 year bull market, Obama's Plan will sentence our children to a retirement of poverty.
4 years ago