On Mon, 08 Dec 2008 22:08:15 -0500, BAR wrote:
Vic Smith wrote:
On Mon, 08 Dec 2008 09:18:33 -0600, wrote:
On Mon, 08 Dec 2008 08:52:25 -0500, Eisboch wrote:
They may have 401k's and/or similar and may make some form of matching
contributions, along with matching contributions to SS benefits.
That's about it, and that's how the majority of people plan for
retirement.
Funny, I haven't heard much talk of "privatizing" Social Security
lately. I wonder why that is. ;-(
Savings and SS were the factors I used in planning retirement.
Never bought into the equity craze.
All of my planning for retirement has been under the assumption that SS
will be empty when I can start collecting. I look at any SS money I get
as icing on my cake.
Though it's a good strategy to look at SS as icing, if SS is empty so
will be bank deposits, the stock market, and the dollar. Simple
economic/political fact.
That's why it comes second after savings for me.
If that weren't true my retirement planning would have went into land
with good soil, trees, tools, livestock and guns.
--Vic