canceled.2021.1
#AMERICAISDEAD
You can't opt out. The Ponzi scheme that is social security would collapse
Fiscal trouble ahead for most future retirees
- Thread starter blackascoal
- Start date
Umm 40% or so down during the market downturn?
And 40% of the value in aquired stock since the 70's would be a lot of moolah.
canceled.2021.1
#AMERICAISDEAD
What if you don't want to participate in Socialist insecurity? Shouldn't you have a choice as to what to do with your money?
Shouldn't someone's decision about thier money be between them and their financial planner?
Be pro choice dammit
cawacko
Well-known member
And look where we are today. You are arguing a downturn kills a portfolio and thus one shouldn't invest. It's why people invest for the long term. And no one retiring would take out their portfolio in one year.
Rationalist
Hail Voltaire
Do liberals not believe that people should save for their own retirement? Every month, I set aside 8% of my pay toward retirement (my employer contributes an additional 4%). Yeah, I could use that money for something else (like saving for a down payment for a house) and hope the gummit will take care of me later on, but saving for retirement is part of being a responsible adult. If SS is there for me, great, I'll take the supplemental income. But NOBODY in their right mind will regard SS alone as adequate for retirement, nor should they - it was never intended to be!
No you would not take it all out but you would sell some for 40% less than it was worth shortly before.
Remember one must actually sell stock to realize money from it.
The average was. What is it now and what will it be 20 years from now?
That's my point it averages 12 percent a year
Cancel 2016.2
The Almighty
LMAO... the above is the propaganda nonsense that comes from fear mongers. You are pretending that privatization means the individuals can invest in anything they want. Then you turn and cherry pick companies that went down. What if they had invested the entire SS fund in Apple... OMG OMG they would all be soooo much better off.
Cancel 2016.2
The Almighty
Nor would anyone retiring in 2009 have been allowed to be 100% exposed to the stock market in 2008.
Cancel 2020.1
Canceled
I have yet to hear any sound reasoning as to why privatization wouldn't work, and work well. The best that anyone can usually come up with is that "it's not an investment plan." But if seniors end up more secure & comfortable if it IS an investment plan...shouldn't we consider that?
Privatization is the progressive option.
Privatization is the progressive option.
Airstrip One
Completely Effed
Yes, and for my part, the act of setting aside my money for retirement actually makes SS taxes a painful thing. Having the tax holiday go away really sucks for me.
So you are claiming no one could pick losers and if they did some force would somehow protect them. Got it, hack.
Airstrip One
Completely Effed
Because they need minions. Lots of them.
Airstrip One
Completely Effed
Do you even have an IRA/Roth account?
Cancel 2020.1
Canceled
People talk about the market like it's some complete game of chance.
That is true of some kinds of investments, but for long-term, conservative, diversified portfolio's, it is not. I'd have a LOT more faith in my retirement with that, than I do with the current SS system.
That is true of some kinds of investments, but for long-term, conservative, diversified portfolio's, it is not. I'd have a LOT more faith in my retirement with that, than I do with the current SS system.