Harriet Miers, by the (financial) numbers

Miers and Her Money
A psycho-financial analysis of the Supreme Court nominee.
By Henry Blodget
Updated Thursday, Oct. 20, 2005, at 9:31 AM PT

What does Harriet Miers' money tell us about her? The Supreme Court nominee has filed financial disclosure forms for the last five years as a requirement for her White House job. The most remarkable fact that emerges from her filings is this: She managed to work for nearly 30 years as an attorney in private practice without getting rich. Chief Justice John Roberts—whose psycho-financial biography you can read here—amassed a fortune worth at least $3 million and probably much more; Miers finds herself at age 60 with a net worth of about $675,000, which unfortunately does not make her wealthy.

Miers, like many of her fellow Americans, has not saved enough for retirement. According to her latest financial filing, submitted last week, Miers' IRA contains about $207,000, a sum that would fund comfortable golden years for a cocker spaniel, perhaps, but not an average American, even a single one (at a typical 5-percent-per-year withdrawal rate, Miers could spend only about $10,000 annually, pre-tax). Her investing strategy also shows her to be excessively cautious. She has invested her nest egg mainly in cash and Treasuries and is therefore in grave danger from inflation. In today's environment, Miers' IRA probably generates a paltry real return of about 1 percent a year.

http://www.slate.com/id/2128418/

now, how is it that you can have a 500,000/year plus job for a decade (her law firm) and only have assets of $700,000? Health Care. The woman who supports this idiot boyking spends her money on health care for her mother, and will depend on Social Security for retirement. strange.

Because they all "work so hard" as Rush says.

I guess according to Boortz, she shouldn't be saved in the case of a catastrophe.