Friday, October 24, 2008

The Obama Retirement Plan

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.

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