posted on Aug, 6 2011 @ 09:45 AM
I consider myself to be a financial retard. Knowing this weakness, I only buy what I can afford with cash and have not had a credit card since the
eighties. I save for my wants and spend on my needs and it can be very hard at times.
But I ask those financial whizzes here a question.
Would it be feasible or fiscally responsible to offer all Federal and Military retirees a onetime buyout? Say a 1/4 to a 1/3 third onetime payment of
what you would receive over twenty years. Possibly even tax free as once they have that money it will go into IRA’s savings account and other
A retired E-7 makes roughly $2,784.28 a month pre-tax after 26 years in the service.
Over the course of twenty years this will add up to a cumulative; $1,043,623.81 pretax. This is also assuming the tax rate stays at 28%, With a GDP
growth of 3.5% and inflation at 3.5%. The website I get this from is here.
Make it totally voluntary and you would not lose the other benefits earned. But the check just will no longer be there every month.
I know that other companies have done this and saved money in the long run. I also realize that it would be hard on the government in the short run to
I would totally take a buy out as then instead of slowly saving to start my business, I could do so immediately.
Is this feasible?
edit on 6-8-2011 by TDawgRex because: Still on my first cup of joe.