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<blockquote data-quote="bacha29" data-source="post: 2198941" data-attributes="member: 58386"><p>It goes back to what you would need in order to generate 30K per year at 3% annually. That's ONE MILLION DOLLARS in principal that has to be established and never touched throughout the remaining years of a person's life.So Mr. Brownslave how close are you to having that 1 million dollar investment portfolio? The practice of borrowing off the S.S. surplus goes all the way back to the Vietnam War era when it was used to fund the war and has been ongoing ever since. The whole irony of it is that there was found in Kennedy's desk an executive order that would withdraw all U.S. military personnel from Vietnam by the end of 1965 and would have been announced after the 1964 presidential election.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2198941, member: 58386"] It goes back to what you would need in order to generate 30K per year at 3% annually. That's ONE MILLION DOLLARS in principal that has to be established and never touched throughout the remaining years of a person's life.So Mr. Brownslave how close are you to having that 1 million dollar investment portfolio? The practice of borrowing off the S.S. surplus goes all the way back to the Vietnam War era when it was used to fund the war and has been ongoing ever since. The whole irony of it is that there was found in Kennedy's desk an executive order that would withdraw all U.S. military personnel from Vietnam by the end of 1965 and would have been announced after the 1964 presidential election. [/QUOTE]
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