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On 12 Apr 2005 20:12:14 -0700, wrote:
All of those "plans" are laughable.
We need to get the money away from the government
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Prior to Social Security, most older people lived in abject poverty.
Many were forced to live with their adult kids- like it or not. From
this perspective, old-age benefits are part of the social safety net
legitimately provided by Social Security.
Nothing stops anybody from investing considerable sums of money, often
in tax advantaged or tax deferred programs, for retirement. Folks who
hope or expect to live as well in retirement as they do when working
will certainly need to make such investments throughout their working
career. Why is it necessary to gut social security in the process?
Chuck, that isn't the money under discussion. The money being discussed is that
which the government takes from our checks for Social Security. If I could
invest it and get a better return, why shouldn't I be able to? If I could pass
the savings on to my children, why shouldn't I be able to?
All the IRA, 401k, and 403b plans are great - for those who can take advantage
of them. But whether an individual can or cannot take advantage of them is
beside the point. The point is the return on the money the government takes for
Social Security.
--
John H
"All decisions are the result of binary thinking."
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