View Single Post
Old 04-03-2016, 09:30 AM   #24
edpontiac91
 
edpontiac91's Avatar
 
Join Date: Aug 2007
Location: Piscataway, N.J.
Posts: 1,729
iTrader: (16)
Quote:
Originally Posted by zraffz View Post
Really? Reading about social security possibility not being around when I retire (which has crossed my mind already) has me panicking even more that my pension won't be there in 37 years when I can retire without being penalized...

Makes me want to switch my careers.
Five or Six years ago when the economy took a HUGE HIT, A LOT of people who had put aside monies into their 401K or IRA, lost 70% or more. I was working for Sears at the time and had Store Managers tell me they had $100,000+ into their retirement funds and now it was worth MAYBE $30,000 or a little more than that. Look at the interest you get from a Bank on your Funds (401K-Mutual-IRA) it's about 0.2%. The banks are giving you SQUAT and taking the MAJOR amount of your savings and using it to make 20% or more. JUST LOOK AT SOME OF THE BIGGEST BUILDINGS, and you'll see Bank of America-Chase-Prudential etc. The facts are that this economy is NOT going to improve this year at all and we are in the 3rd worst recession in the last 63 years. Other than that, the light at the end of the tunnel, IS AN ONCOMING TRAIN!
__________________
1991 FORMULA 350-GONE BUT NOT FORGOTTEN
1 of 1,197 with L98 Option/13.79@100 mph

1994 25th ANNIVERSARY TRANS AM GT -1
of ONLY 2,000 made/ Only 128 made with a HURST 6-Speed Manual and 91 with T-Tops and Compact Disc/ K & N Filtercharger/Magnaflow Performance Muffler/Air Foil- ORIGINAL MINT Arctic White Ultra Rare SURVIVOR. DAYTONA 500 PACE CAR Decal Kit!


SOLD: 1989 Turbo T/A in 1991 it ran 12:18@115 mph

Last edited by edpontiac91; 04-03-2016 at 09:31 AM.
edpontiac91 is offline   Reply With Quote