Fed Accelerates The Destruction of Your Savings and Fixed Pension -- Your $500,000 Nest Egg Cut to $250,000 Over 25 Year
They jacked up their “Inflation Targeting” to 2.8% from 2.0%. This “plan” will destroy everything you saved for even quicker. I did the math. Check it out.
My total OP
You think you need $70,000 to live an OK retired life at 60YO. At 85 your savings will require at least $140,000 a year.
Divide by amount saved.
Really glad you did the “disgust” early retirement?
Y’all Non-Workers out there. So you tried to retire just because you were sick of it all…..so you jumped the gun and that felt good for a while. Then they rolled you with 25% inflation in just months.
Now they increase their “inflation targeting” from 2.0% to 2.8%. The Table shows both figures.
This is theft. These great systemic lies should be well known. And push back should be appropriate.
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