I think that most people underestimate (+) - Saab General Bulletin Board - Saabnet.com
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I think that most people underestimate (+)
Posted by vvk (more from vvk) on Thu, 15 Mar 2007 14:39:25
In Reply to: Re: RETIREMENT -- How much $$ do you need ?, Caarma [Profile/Gallery]
, Thu, 15 Mar 2007 12:46:55
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Especially the younger people. One reason is inflation. Most assume that current low level will remain constant. That may be but all indications are that it will not be the same. What if inflation hits 10% or even 20%? What then? Another reason is that most people assume that tax structure will remian the same as it is, except perhaps we will have higher taxes. Well, what if US implemets a 20% VAT on top of everything else? Your "tax-free" income will be effectively taxed at 20% like it or not. Who knows what will happen. There are many theories. If interested, one can find numerous comprehensive books on the subject.
What worries me personally is China. Seems that too much is riding on that country. Way too much.
posted by 12.198.2...
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