Which would you rather have $1m in the bank or Social Security Check???

[Toro]

It's not? LOL

No, it's not.

The difference between gambling and investing in stocks is that over time, the casino is the house and your initial stake will erode regardless of how well you do in the short run, whereas in stocks, the investor is the house and the initial stake will grow regardless of how poorly you do in the short run.

That's why long lived plans such as SS should invest in stocks.

ah, but it's a gamble as to whether the market will be up or down when you retire, and the recent credit meltdown proved that simply diversifying will not fully remove risk.

So, it's gambling on the market being at point A in year X, when it could be at point B.

That's why gambling works. No matter if its in a capital market of Vegas, you're betting against the house, but you individual skill may allow you to do better than the fellow shmuck next to you.

I did the math on this.

I looked at three scenarios for a person retiring at 65 at the beginning of 2008 who began saving $5000 a year over the previous 20 years.

In the first scenario, he invested in the US stock market. In the second, he invested in the US bond market. In the third, he had a balanced portfolio of stocks and bonds, with the weight in bonds his age and rebalanced every year. So, when he began at age 45, he was 45% invested in bonds and 55% in stocks. When he was 55, he was 55% invested in bonds and 45% invested in stocks. And when he retired at 65, right before the Financial Crisis, he was 65% invested in bonds and 35% invested in stocks. That's a very basic rule of thumb for anyone's asset allocation.

In the first scenario, at the end of 2013, the all stock portfolio would have been worth $480k, all bond portfolio would have been worth $286k, and the balanced portfolio would have been worth $381k.

Even with the collapse in 2008, the portfolios would have been similar. An all stock portfolio would have been worth $210k at the end of 2008, the all bond portfolio $230k, and the balanced portfolio $249k.

For a typical person, the best portfolio is a balanced one. In that scenario, the portfolio fell 9.5% in 2008.

The compounding returns on stocks are very compelling, and should be part of savings. They should be a part of SS.

 

[P@triot]

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

Which leaves a $5 dollar deficit for every man, woman, and child in the U.S. for every dollar each of them puts in.

And Dumbocrats wonder why their policies are failed policies? These people are incapable of doing basic math and thus celebrate a program that pays out $6 for every $1 put in

 

[PaintMyHouse]

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

Which leaves a $5 dollar deficit for every man, woman, and child in the U.S. for every dollar each of them puts in.

And Dumbocrats wonder why their policies are failed policies? These people are incapable of doing basic math and thus celebrate a program that pays out $6 for every $1 put in

The five you get in return are paid for from the wages of others. It's a Pay as you Go system, which a fantastic return if you live long enough.

And it hasn't failed at all. It's the most successful program in the history of the government. And it doesn't add to the deficit, not yet. We can do the math.

 

[Mojo2]

Take the checks. It has a terrific return if you live that long. You'll get back much more than you paid in.

In the Bible...

Jesus told the story of a master who gave each of his three servants a sum of money. The amounts were set according to each servant’s previously demonstrated capabilities. The man then left for a long time. When he returned, he asked each of these servants to report what he had done with the money.

The first two servants revealed they had doubled his investment. “Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy Lord,”7 was the master’s reply.

The third servant then came trembling before his master. He had already heard what the others had reported and knew that he could not give a similar report. “I was afraid,” the servant said, “and went and hid thy talent in the earth.”8 The master was upset. “Thou wicked and slothful servant, . . .” he said. Then he commanded, “Take therefore the talent from him, and give it unto him which hath ten talents.”9

In modern revelation the Lord affirmed the principles in this parable: “But with some I am not well pleased, for . . . they hide the talent which I have given unto them, because of the fear of man. “. . . Thou shalt not idle away thy time, neither shalt thou bury thy talent that it may not be known.”10 These are very solemn words—spoken by the Lord and worthy of our consideration today.

Sometimes we have a fear of using our talents. We use excuses such as “I know I can’t do that,” or “Someone else can do it much better than I,” or “Those listening to me, or watching me, will criticize and judge me.”

Again, let me read the words of the Lord: “But with some I am not well pleased, for they will not open their mouths, but they hide the talent which I have given unto them, because of the fear of man. Wo unto such, for mine anger is kindled against them.”11

President James E. Faust spoke on this subject and gave this profound counsel. He said: “We may wonder whether it was fair to take the talent from the one who had the least and to give it to the one who had the most. From the outset, however, the Lord explains that each man had ability.

“Some of us are too content with what we may already be doing. We stand back in the ‘eat, drink, and be merry’ mode when opportunities for growth and development abound. We miss opportunities to build up the kingdom of God because we have the passive notion that someone else will take care of it. The Lord tells us that He will give more to those who are willing. They will be magnified in their efforts. . . . But to those who say, ‘We have enough,’ from them shall be taken away even that which they have.”12

The Prophet Joseph Smith, through revelation recorded “that every man may improve upon his talent, that every man may gain other talents, yea, even an hundred fold.”13

Every person comes to earth as a unique individual. Similar threads may run in families, but each of us has a tapestry all our own. Elder Bruce R. McConkie (1915–85) of the Quorum of the Twelve Apostles wrote: “Each person in this life is endowed with those talents and capacities which his pre-earth life entitle him to receive. Some by obedience to law acquired one talent and some another.”14

The Lord made it clear that it is not good enough for us simply to return to Him the talents He has given us. We are to improve upon and add to our talents. He has promised that if we multiply our talents we will receive eternal joy.

https://www.lds.org/pages/well-done-thou-good-and-faithful-servant?lang=eng


The Lord made it clear that it is not good enough for us simply to return to Him the talents He has given us. We are to improve upon and add to our talents. He has promised that if we multiply our talents we will receive eternal joy.

"But to those who say, ‘We have enough,’ from them shall be taken away even that which they have."

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

The story is in every Christian Bible.

And if someone had the chance at $1milllion he should do what he could to multiply that money, using his or her God given talents.

If he settled for the monthly checks, that which he'd been given should be taken away.

There are a whole bunch of sermons about this principle online.

It also covers the idea of taking away from the servant his meager Talents (as in currency and talents as in abilities) if he does not use them or use them well and giving them to someone who already has plenty but who has shown a willingness and an ability to use those talents/Talents wisely.

 

[P@triot]

Take the checks. It has a terrific return if you live that long. You'll get back much more than you paid in.

In the Bible...

Jesus told the story of a master who gave each of his three servants a sum of money. The amounts were set according to each servant’s previously demonstrated capabilities. The man then left for a long time. When he returned, he asked each of these servants to report what he had done with the money.

The first two servants revealed they had doubled his investment. “Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy Lord,”7 was the master’s reply.

The third servant then came trembling before his master. He had already heard what the others had reported and knew that he could not give a similar report. “I was afraid,” the servant said, “and went and hid thy talent in the earth.”8 The master was upset. “Thou wicked and slothful servant, . . .” he said. Then he commanded, “Take therefore the talent from him, and give it unto him which hath ten talents.”9

In modern revelation the Lord affirmed the principles in this parable: “But with some I am not well pleased, for . . . they hide the talent which I have given unto them, because of the fear of man. “. . . Thou shalt not idle away thy time, neither shalt thou bury thy talent that it may not be known.”10 These are very solemn words—spoken by the Lord and worthy of our consideration today.

Sometimes we have a fear of using our talents. We use excuses such as “I know I can’t do that,” or “Someone else can do it much better than I,” or “Those listening to me, or watching me, will criticize and judge me.”

Again, let me read the words of the Lord: “But with some I am not well pleased, for they will not open their mouths, but they hide the talent which I have given unto them, because of the fear of man. Wo unto such, for mine anger is kindled against them.”11

President James E. Faust spoke on this subject and gave this profound counsel. He said: “We may wonder whether it was fair to take the talent from the one who had the least and to give it to the one who had the most. From the outset, however, the Lord explains that each man had ability.

“Some of us are too content with what we may already be doing. We stand back in the ‘eat, drink, and be merry’ mode when opportunities for growth and development abound. We miss opportunities to build up the kingdom of God because we have the passive notion that someone else will take care of it. The Lord tells us that He will give more to those who are willing. They will be magnified in their efforts. . . . But to those who say, ‘We have enough,’ from them shall be taken away even that which they have.”12

The Prophet Joseph Smith, through revelation recorded “that every man may improve upon his talent, that every man may gain other talents, yea, even an hundred fold.”13

Every person comes to earth as a unique individual. Similar threads may run in families, but each of us has a tapestry all our own. Elder Bruce R. McConkie (1915–85) of the Quorum of the Twelve Apostles wrote: “Each person in this life is endowed with those talents and capacities which his pre-earth life entitle him to receive. Some by obedience to law acquired one talent and some another.”14

The Lord made it clear that it is not good enough for us simply to return to Him the talents He has given us. We are to improve upon and add to our talents. He has promised that if we multiply our talents we will receive eternal joy.

https://www.lds.org/pages/well-done-thou-good-and-faithful-servant?lang=eng

The Lord made it clear that it is not good enough for us simply to return to Him the talents He has given us. We are to improve upon and add to our talents. He has promised that if we multiply our talents we will receive eternal joy.

"But to those who say, ‘We have enough,’ from them shall be taken away even that which they have."

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

• First of all, that is not in just the Mormon Bible - it is in the book of Matthew in the catholic bible as well junior (you illustrate your ignorance of the bible)
  
  
• Second, it has everything to do with this (you illustrate your ignorance of the subject matter)
  
  
• Third, if everyone receives $6 for every $1 they put in, that leaves a deficit of $5 for every person on every dollar (you illustrate your ignorance of math)

The perfect trifecta of ignorance! No wonder you need government to provide your basic necessities to you....

 

[P@triot]

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

Which leaves a $5 dollar deficit for every man, woman, and child in the U.S. for every dollar each of them puts in.

And Dumbocrats wonder why their policies are failed policies? These people are incapable of doing basic math and thus celebrate a program that pays out $6 for every $1 put in

The five you get in return are paid for from the wages of others. It's a Pay as you Go system, which a fantastic return if you live long enough.

And it hasn't failed at all. It's the most successful program in the history of the government. And it doesn't add to the deficit, not yet. We can do the math.

But the "other wages" are putting in $1 and getting $6 in return according as well to you. You're really this stupid that you can't understand the $5 deficit there junior?

Furthermore, the baby boomers are starting to retire and they were the largest generation. This leaves LESS people putting in than ever and more people drawing from it than ever.

It has failed - it owes more than it has. That is called failure junior. When you owe more money than you have in your account (or will receive) you have failed.

 

[P@triot]

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

Which leaves a $5 dollar deficit for every man, woman, and child in the U.S. for every dollar each of them puts in.

And Dumbocrats wonder why their policies are failed policies? These people are incapable of doing basic math and thus celebrate a program that pays out $6 for every $1 put in

The five you get in return are paid for from the wages of others. It's a Pay as you Go system, which a fantastic return if you live long enough.

And it hasn't failed at all. It's the most successful program in the history of the government. And it doesn't add to the deficit, not yet. We can do the math.

Unfortunately your made up version of reality doesn't jive with the actual version of reality....

History Suggests Social Security Insolvency Is Coming Sooner Than Projected

 

[PaintMyHouse]

In the Bible...



https://www.lds.org/pages/well-done-thou-good-and-faithful-servant?lang=eng


The Lord made it clear that it is not good enough for us simply to return to Him the talents He has given us. We are to improve upon and add to our talents. He has promised that if we multiply our talents we will receive eternal joy.

"But to those who say, ‘We have enough,’ from them shall be taken away even that which they have."

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

The story is in every Christian Bible.

And if someone had the chance at $1milllion he should do what he could to multiply that money, using his or her God given talents.

If he settled for the monthly checks, that which he'd been given should be taken away.

There are a whole bunch of sermons about this principle online.

It also covers the idea of taking away from the servant his meager Talents (as in currency and talents as in abilities) if he does not use them or use them well and giving them to someone who already has plenty but who has shown a willingness and an ability to use those talents/Talents wisely.

This has nothing to do with talents.

 

[PaintMyHouse]

Which leaves a $5 dollar deficit for every man, woman, and child in the U.S. for every dollar each of them puts in.

And Dumbocrats wonder why their policies are failed policies? These people are incapable of doing basic math and thus celebrate a program that pays out $6 for every $1 put in

The five you get in return are paid for from the wages of others. It's a Pay as you Go system, which a fantastic return if you live long enough.

And it hasn't failed at all. It's the most successful program in the history of the government. And it doesn't add to the deficit, not yet. We can do the math.

Unfortunately your made up version of reality doesn't jive with the actual version of reality....

History Suggests Social Security Insolvency Is Coming Sooner Than Projected

Notice that this issue is in the future? Thank you...

 

[P@triot]

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

The story is in every Christian Bible.

And if someone had the chance at $1milllion he should do what he could to multiply that money, using his or her God given talents.

If he settled for the monthly checks, that which he'd been given should be taken away.

There are a whole bunch of sermons about this principle online.

It also covers the idea of taking away from the servant his meager Talents (as in currency and talents as in abilities) if he does not use them or use them well and giving them to someone who already has plenty but who has shown a willingness and an ability to use those talents/Talents wisely.

This has nothing to do with talents.

Yes it does. You're advocating sitting on your ass and receiving government checks as opposed to taking personal responsibility and growing your own retirement fund (which would be exponentially larger than the pitiful SS pittance.

You'd rather do nothing and get paid a small amount than do something and yield a financial windfall. And that angers God. You're cheating your fellow man out of resources because you are lazy.

 

[PaintMyHouse]

Which leaves a $5 dollar deficit for every man, woman, and child in the U.S. for every dollar each of them puts in.

And Dumbocrats wonder why their policies are failed policies? These people are incapable of doing basic math and thus celebrate a program that pays out $6 for every $1 put in

The five you get in return are paid for from the wages of others. It's a Pay as you Go system, which a fantastic return if you live long enough.

And it hasn't failed at all. It's the most successful program in the history of the government. And it doesn't add to the deficit, not yet. We can do the math.

But the "other wages" are putting in $1 and getting $6 in return according as well to you. You're really this stupid that you can't understand the $5 deficit there junior?

Furthermore, the baby boomers are starting to retire and they were the largest generation. This leaves LESS people putting in than ever and more people drawing from it than ever.

It has failed - it owes more than it has. That is called failure junior. When you owe more money than you have in your account (or will receive) you have failed.

Boy do you not understand business, and there's no deficit. I put in a buck when I was working, and if I live long enough I get back six from the wages of others. Now that's a deal but it doesn't cause any problem the system can't handle, not yet at least.

 

[P@triot]

The five you get in return are paid for from the wages of others. It's a Pay as you Go system, which a fantastic return if you live long enough.

And it hasn't failed at all. It's the most successful program in the history of the government. And it doesn't add to the deficit, not yet. We can do the math.

Unfortunately your made up version of reality doesn't jive with the actual version of reality....

History Suggests Social Security Insolvency Is Coming Sooner Than Projected

Notice that this issue is in the future? Thank you...

Notice that it proves you are wrong? Notice that Social Security is insolvent? Thank you...

 

[PaintMyHouse]

The story is in every Christian Bible.

And if someone had the chance at $1milllion he should do what he could to multiply that money, using his or her God given talents.

If he settled for the monthly checks, that which he'd been given should be taken away.

There are a whole bunch of sermons about this principle online.

It also covers the idea of taking away from the servant his meager Talents (as in currency and talents as in abilities) if he does not use them or use them well and giving them to someone who already has plenty but who has shown a willingness and an ability to use those talents/Talents wisely.

This has nothing to do with talents.

Yes it does. You're advocating sitting on your ass and receiving government checks as opposed to taking personal responsibility and growing your own retirement fund (which would be exponentially larger than the pitiful SS pittance.

You'd rather do nothing and get paid a small amount than do something and yield a financial windfall. And that angers God. You're cheating your fellow man out of resources because you are lazy.

Those words are from your tiny mind. I said nothing of the kind.

 

[PaintMyHouse]

Unfortunately your made up version of reality doesn't jive with the actual version of reality....

History Suggests Social Security Insolvency Is Coming Sooner Than Projected

Notice that this issue is in the future? Thank you...

Notice that it proves you are wrong? Notice that Social Security is insolvent? Thank you...

Read the article, that's not what it says.

 

[Howey]

Much is made about 70 being the new 50,
70 is the new 50 in the Workforce | TIME.com

This means for people LIKE ME age 71 I am still very active in my business nearly as much as I was when I was 50!

So while I'm getting MINE.. i.e. social security I don't understand why especially younger people don't figure out that because there are more of people like me, i.e. living longer then what SS originally planned in the 1930s i.e. (I'd be dead by 65!) they need to fix this!
Because as more of us live longer and yet we have SS kicking in at 65. With more retired people at 65 getting SS there are fewer younger people paying in!

Solution..
A) Raise retirement age to 70 for all those people currently under age 50!
B) Give the younger people the chance to tell SS where to put their payments... privatize SS!

So by raising the age we have more people paying in for those younger people when they retire at 70!
But more importantly IF NOT mandatory BUT IF the young employee wants to invest say at 25 their SS/Medicare payments into
the wild and risky stock market for 20 years then the next 20 switch a portion to more secure investments and then last 20 years
into totally secured risk free investments.. this 25 year old would have base on average starting salary of $30,000 with increases
in income over the 60 years would have nearly $1 million that is solely under the young worker control!
So at age 70 getting ready to retire this young (now old retiree) has money set aside MORE then traditional SS would pay.
Also with $1 million the health care costs would be taken care of with no need for medicare!

AND AGAIN NO one would be forced to participate in the privatized SS... you want traditional more power!
Two solutions that would solve the "safety net" destruction that is ahead!

Not surprisingly, you missed the entire point of the article.

Above that age, the rate of workers on the job because they want to be

Why do those between 60 - 70 work? Because they need the money. Those older than 65 need to supplement their menial social security.

Furthermore, assuming you're supporting giving everyone in the nation $1 million dollars, that's about as insane as anything I've ever heard.

Who's footing that bill?

How many of these recepients are going to invest the money responsibly and not blow it on cars, boats, drugs, etc?

Privatize social security? Medicare? No way. Any politician behind either one will never see Washington again, Rand Paul considered...

 

[PaintMyHouse]

In the Bible...



https://www.lds.org/pages/well-done-thou-good-and-faithful-servant?lang=eng

The Lord made it clear that it is not good enough for us simply to return to Him the talents He has given us. We are to improve upon and add to our talents. He has promised that if we multiply our talents we will receive eternal joy.

"But to those who say, ‘We have enough,’ from them shall be taken away even that which they have."

Mormon version of the Bible you mean. And it has nothing to do with this but thanks. This has to do with paying in a buck and getting back six.

• First of all, that is not in just the Mormon Bible - it is in the book of Matthew in the catholic bible as well junior (you illustrate your ignorance of the bible)
  
  
• Second, it has everything to do with this (you illustrate your ignorance of the subject matter)
  
  
• Third, if everyone receives $6 for every $1 they put in, that leaves a deficit of $5 for every person on every dollar (you illustrate your ignorance of math)

The perfect trifecta of ignorance! No wonder you need government to provide your basic necessities to you....

I know where it is in the Bible. I included Mormon Version because he included "the Prophet Joseph Smith".

 

[HereWeGoAgain]

Take the checks. It has a terrific return if you live that long. You'll get back much more than you paid in.

I've heard that,but the numbers dont add up in my mothers case.
She's received around two hundred thousand over the last ten years and more then likely wont be getting much more.
She payed a hell of a lot more then that in SS taxes over the years.

 

[P@triot]

The five you get in return are paid for from the wages of others. It's a Pay as you Go system, which a fantastic return if you live long enough.

And it hasn't failed at all. It's the most successful program in the history of the government. And it doesn't add to the deficit, not yet. We can do the math.

But the "other wages" are putting in $1 and getting $6 in return according as well to you. You're really this stupid that you can't understand the $5 deficit there junior?

Furthermore, the baby boomers are starting to retire and they were the largest generation. This leaves LESS people putting in than ever and more people drawing from it than ever.

It has failed - it owes more than it has. That is called failure junior. When you owe more money than you have in your account (or will receive) you have failed.

Boy do you not understand business, and there's no deficit. I put in a buck when I was working, and if I live long enough I get back six from the wages of others. Now that's a deal but it doesn't cause any problem the system can't handle, not yet at least.

You don't understand math, basic economics, business, accounting, or life.

You get back $6 from "the wages of other". Who are those "others" getting their $6 from? You?

This is basic math junior - if 100 people put in a $1 you have an account holding $100. But if they are all expecting $6 in return, then you need $600. Your short $500.

$100 (actual dollars in the account)
- $600 (what you owe)
---------
- $500

Which part of this don't you understand junior?

 

[HereWeGoAgain]

Much is made about 70 being the new 50,
70 is the new 50 in the Workforce | TIME.com

This means for people LIKE ME age 71 I am still very active in my business nearly as much as I was when I was 50!

So while I'm getting MINE.. i.e. social security I don't understand why especially younger people don't figure out that because there are more of people like me, i.e. living longer then what SS originally planned in the 1930s i.e. (I'd be dead by 65!) they need to fix this!
Because as more of us live longer and yet we have SS kicking in at 65. With more retired people at 65 getting SS there are fewer younger people paying in!

Solution..
A) Raise retirement age to 70 for all those people currently under age 50!
B) Give the younger people the chance to tell SS where to put their payments... privatize SS!

So by raising the age we have more people paying in for those younger people when they retire at 70!
But more importantly IF NOT mandatory BUT IF the young employee wants to invest say at 25 their SS/Medicare payments into
the wild and risky stock market for 20 years then the next 20 switch a portion to more secure investments and then last 20 years
into totally secured risk free investments.. this 25 year old would have base on average starting salary of $30,000 with increases
in income over the 60 years would have nearly $1 million that is solely under the young worker control!
So at age 70 getting ready to retire this young (now old retiree) has money set aside MORE then traditional SS would pay.
Also with $1 million the health care costs would be taken care of with no need for medicare!

AND AGAIN NO one would be forced to participate in the privatized SS... you want traditional more power!
Two solutions that would solve the "safety net" destruction that is ahead!

OK, so you are 71 and healthy. Damned lucky fellow. I am 70 and healthy. Still able to hike at 14,000 ft and hunt rock. Still able to hold down a full time job as an industrial millwright and take university classes part time. I am also one damned lucky fellow. For not one of the people that used to hike with me is capable of doing so now. And some are five years younger. Not from bad habits, but from things like auto immune diseases and bad backs.

All too many in my craft leave it between 55 and 65 with serious back injury.

Now, as to your assertation of 1 million in the bank being enough that medicare would not be needed, pure bullshit. Should you have a medical issue, such as cancer, and your spouse have another serious issue, that money is totally gone. Then what?

What we have now in SS and MediCare works. Works much better than anything we had before. If it ain't broke, don't fix it.

I remember a time when people having $100,000 in the bank thought they could retire easily

$1 million will not be that much in 20-30 years.

A million isn't that much now....

 

[Nova78]

Much is made about 70 being the new 50,
70 is the new 50 in the Workforce | TIME.com

This means for people LIKE ME age 71 I am still very active in my business nearly as much as I was when I was 50!

So while I'm getting MINE.. i.e. social security I don't understand why especially younger people don't figure out that because there are more of people like me, i.e. living longer then what SS originally planned in the 1930s i.e. (I'd be dead by 65!) they need to fix this!
Because as more of us live longer and yet we have SS kicking in at 65. With more retired people at 65 getting SS there are fewer younger people paying in!

Solution..
A) Raise retirement age to 70 for all those people currently under age 50!
B) Give the younger people the chance to tell SS where to put their payments... privatize SS!

So by raising the age we have more people paying in for those younger people when they retire at 70!
But more importantly IF NOT mandatory BUT IF the young employee wants to invest say at 25 their SS/Medicare payments into
the wild and risky stock market for 20 years then the next 20 switch a portion to more secure investments and then last 20 years
into totally secured risk free investments.. this 25 year old would have base on average starting salary of $30,000 with increases
in income over the 60 years would have nearly $1 million that is solely under the young worker control!
So at age 70 getting ready to retire this young (now old retiree) has money set aside MORE then traditional SS would pay.
Also with $1 million the health care costs would be taken care of with no need for medicare!

AND AGAIN NO one would be forced to participate in the privatized SS... you want traditional more power!
Two solutions that would solve the "safety net" destruction that is ahead!

Your an idiot, you really think most blue collar workers can work till there 70 ? Just because you sit on your ass and collect a check ,you think that is he norm ?