How would President Bush's former social security plan if passed have fared in todays stock market turmoil?

[gregory_dittman]

It depends on a lot of factors. Social security is looking at a $10 trillion in debt 30 years from now. Does that mean a drastic cut in pay or will retirement be pushed back further? Social Security isn't as safe as people tell you. Also Bush allowed government index of bonds which are insured. It would be like having Social Security as far as benefits go. As far as the stock index goes or a stock/bond index goes, this is a buyer's market for stocks. Any DRIP in the index will actually be beneficial. If the index grew just 4% on average a year, it would actually be out performing Social Security benifits. Many utilities offer 3% or more in dividends and when the stock goes down, the percentage goes up. A straight stock index would have probably been bought into by the young, but the older ones would have went for the bond indexes or stock/bond indexes.