12-08-2017, 9:19am
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#27
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Barn Stall Owner #69
Bantayan Kids '14,'15,'17
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Quote:
Originally Posted by lspencer534
That depends on what you consider as rich. There are about 700 retired Senators now, collecting an average of about $70,000 per year, less than half their full salary of $174,000. They do of course get full medical benefits for life. Franken made about $50,000 in SNL residuals in 2012 (last year I could find a figure for) and an unknown amount of book royalties. His books were popular when first released, but they're old now.
So he collects at least $120,000 a year after his resignation....but he's 66-years-old, and the residuals and royalties will eventually end. He will get COLA increases (tied to Social Security amounts) in his retirement pay.
Not destitute by any means, but he better have an ample self-funded retirement account.
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His net worth is in excess of 9 million $$. He's not going to worry to much about making ends meet.
https://coed.com/2017/11/16/al-frank...median-career/
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