Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Silat on August 15, 2005, 04:24:33 PM
-
to that fantastic Social Security plan of the rights?
-
Social Security will top the agenda for Congress after the August recess.
-
Looks like those who believe SS is actually "solvent" are succeeding in convincing people that it's far better to trust the government to hold your imaginary money than it is to have a defined amount of money in a retirement account in your own name.
-
Originally posted by Toad
Looks like those who believe SS is actually "solvent" are succeeding in convincing people that it's far better to trust the government to hold your imaginary money than it is to have a defined amount of money in a retirement account in your own name.
One thing is certain, if changes to Social Security policies are delayed,(READ: Democrats continuously shooting down anything the Repubs put forward).. runaway growth in Social Security's financial short-fall is likely to ensure higher tax rates and more adverse reactions by financial markets in the future.
Personally, I don't even consider SS in my financial planning of the future. But its sanctity must be ensured, because the market is where a portion of my retirement money will be coming from.
-
Whyever would anyone want retirement money in their own name?
After all, it's not like Pension Plans ever go bust.
Right? I mean just because Pension Benefit Guaranty Corp. is hovering on the edge of bankruptcy itself..........
-
Originally posted by Toad
Whyever would anyone want retirement money in their own name?
After all, it's not like Pension Plans ever go bust.
Right? I mean just because Pension Benefit Guaranty Corp. is hovering on the edge of bankruptcy itself..........
hehe!