Social Security question?
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04-08-2014, 01:33 AM
Post: #8
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Bad idea. With pensions disappearing in favor of the 401k more risk has been added already. If we had more decades of a bad economy people would end up with very little for retirement. Already more than half have saved little or nothing.
Second, the SS system is a pay as you go plan. The current workers pay for the previous generation and they next pay for us. In order to remove any money from the system to put in to the risky markets you have to come up with the money to pay the current benefits. In other words, you have to pay twice. Where are you going to get the money? The current money is already committed. Worse, the excess payments boomers made to cover themselves was already borrowed and spent by the government. That has to be paid back first. Doesn't work. |
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Messages In This Thread |
Social Security question? - Rico Suave - 04-08-2014, 12:44 AM
[] - I Like Turtles - 04-08-2014, 01:14 AM
[] - Lois Griffin - 04-08-2014, 01:29 AM
[] - Thor - 04-08-2014 01:33 AM
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