Quote:
Originally Posted by cnredd
False statement...
EVERY (That's right...I said "EVERY") 5 year and/or 10 year period you'd like to choose from the introduction of Social Security on has had a HIGHER rate of return than Social Security's measly 2%...
In EVERY case putting a small percentage of your money into the stocks instead of giving it to the government for them to create IOUs has GAINED more money than just putting it into Social Security as is MANDATED...
|
The thing is, that's a good theory. But when you depend on Social Security you think no. I'll stick with the old 2%
Besides, there was mention of how to handle it. Put it in a portfolio handled by some financial entity is one point that hits pragmatic seniors like a scam. And even if a person could manage their own stock preferences, you over look some of the reasons for Social Security in the first place.
That is many people can't put back a lot of savings and others won't. Stock markets are risky business for the little guy to handle and he doesn't trust handing the responsibility over.
Maybe when you get to be 65 and say you (hope not) had a catastrophe or economic down turn for your savings, and you are soley depending on that little check and medicare that they took out all these years-you make that decision. Baby boomers moms and grandpas lived through the depression and some of that generation is with us still. We are not as trusting.