The needle in the hay was when they said N. E. S. T. was the answer to the retirement problem. They failed to mention your employer also matches what you pay into social security and they put the % at 6 . Which doesn't include Medicare which is another 1.5% so you are actually paying 15% of your gross into a agency that your politicians raid every chance they get, Do a simple math exercise, take your gross and compound that at a simple 5% a year paying quarterly. Keep adding your 5% of your gross a year over a span of 30 years compounded at 5% quarterly. A person making around 50K a year, will have almost a million dollars saved , and you can live of the interest at retirement. Not to mention, you can also leave it your kids,. Every time I tell me people this. They look at me like a deer in headlights.
Review of Money, Explained
