"John H" wrote in message
news
On Tue, 08 Mar 2005 21:06:20 GMT, "Jim," wrote:



He recorded all the payroll taxes he paid into the system (including the
matching amount from his employer), tracked down the return the Social
Security Trust Fund earned for each of the 45 years, and then compared
the result with what he would have gotten had he been able to invest the
same amount of payroll tax money over the same period in the Dow Jones
Industrial Average (including dividends).

Which explains why one should never put all their investment eggs in one
basket.
Even the Thrift Savings Plan allows diversification.

We can all find examples which would give a return less than the social
security
return.

And it still does NOT account for the fact that you cannot spend the money
the way you see fit, and may not get any of it.

For example, if it is your won retirement account, and at age 72, you find
that you a a disease that will take you life in 2 years, if it is your own
money, you can enjoy life for the next 2 years as you see fit, with SS, you
are stuck with the meager monthly check. If you die at age 59, and your
kids areover 18, the guvmint keeps everything.

If there was no SS at the current time.....no sane preosn would agree to a
system like there is now, where current workers pay for those that are
already retired. In any other industry, it would be called a pyramid
scheme and be illegal.

The fact that the liebrals wish to bury their heads in the sand and pretend
everything is just dandy is mind boggling.




John H

"All decisions are the result of binary thinking."