When Romney privatizes Social Security, do you think we will be able to trade in the market as we please or?

[He Himself: Holligan]

have to choose a mutual fund through one of the investment banks?

I sure hope he allows to to trade freely and not be locked down to long term stuff.

I'm taking a course in day trading and can't wait to get strarted.

[broadbook787]

Cute.

[Marty]

Yes

[Thedude27]

I would imagine it would be this "have to choose a mutual fund " that matches a certain risk factor and it would probably only be a portion of the money.

[hugefight820]

Not the way Romney will set it up. He'll want the government to control it the same as they do SS.

-it's a losing proposition. I'm all for Privatization of SS but it has to be on our own terms.

[realistic girl]

maybe.

[Patrick4024]

Plenty of investment firms have screwed over the investors. From Enron to EF Hutton. God help the retirement people if it does get privatized.

[brown9500v13]

Are you kidding?

Brokers can't use your money if it isn't in a fund.

[The Solution]

I hope we get 3 options, and soon.

All 3 options still have mandatory Employee and Employer Contributions of 6.2%, with the option of Either or Both Contributing MORE Tax Free as is the Current Policy for 401(k)'s. And the Same AGE Restrictions on Receiving Benefits.

Option 1) Keep in the current system, give the Government your hard earned cash, collect a 1% growth rates, retire on a paltry sum that has a 100% Estate Tax with the remainder going back to the Trust if you die before you use it, and discriminates against Gay and Unmarried Citizens.

Option 2) Direct Deposit your Contribution into US Treasury Bond, earning Nearly 3 TIMES More over the same period of time, with the same contribution as the Current System, AND it is in your Name and you can LEAVE the Remainder of YOUR Retirement Savings to WHOMEVER you chose. (Cost to Government ZERO DOLLARS)

Option 3) Contribute to a Standard Mutual Fund type account, and Earn 6 Times MORE over your Working life than the Current System, with the SAME Benefits as Option 2.

And before you Naysayers Pipe in about "Market Collapse...duhhuhhhhh...." This Last Recession, we saw a LOSS of about 28% of our Net Worth....

If you Contribute $800,000 on OPTION 1, you Receive $1.2 Million by age 90.....LOSS during the Recession = ZERO......Leaves $1.2 Million to Retire on.

If you Contribute $800,000 on OPTION 3, you Recieve $6.2 Million by age 90....28% Loss during the Recession = $1.7 Million.....Leaving $4.5 Million to Retire on.

You do the Math, well never mind, I forget Math and Numbers interfere with Emotion and Feeling.

Well, anyway, I'll take OPTION 3 ANY DAY.....any Intelligent Person would.