Tilted Forum Project Discussion Community - View Single Post - Bush's plan to forfeit your SS account profits

smooth · 02-05-2005, 11:20 AM

ok, your responses lead me to suspect that you believe you will get to invest your retirement funds whereever you want.

Do you think that?

You won't get to invest them in anything other than a special, low-risk fund the government designs. There's your choice.

BTW, your last statement isn't accurate anymore. That's what the pundits were telling people all through the last decade. The panacea of mutual funds has now been skunked.

Anyway, you really need to tally in the big picture, such as, fees and commissions, market volatility, and inflation, along with unforseeable crap like thievery and currency blips, before you make a solid assumption about getting a lot more than SS will give.

I'm not saying that you won't get more. I'm saying you need to weigh the risks before deciding if that more is worth it. If you are only going to obtain 25K to 35K more over the course of your lifetime, is that worth risking your entire retirement fund?

02-05-2005, 11:20 AM	#63 (permalink)
smooth Junkie Location: Right here	ok, your responses lead me to suspect that you believe you will get to invest your retirement funds whereever you want. Do you think that? You won't get to invest them in anything other than a special, low-risk fund the government designs. There's your choice. BTW, your last statement isn't accurate anymore. That's what the pundits were telling people all through the last decade. The panacea of mutual funds has now been skunked. Anyway, you really need to tally in the big picture, such as, fees and commissions, market volatility, and inflation, along with unforseeable crap like thievery and currency blips, before you make a solid assumption about getting a lot more than SS will give. I'm not saying that you won't get more. I'm saying you need to weigh the risks before deciding if that more is worth it. If you are only going to obtain 25K to 35K more over the course of your lifetime, is that worth risking your entire retirement fund? __________________ "The theory of a free press is that truth will emerge from free discussion, not that it will be presented perfectly and instantly in any one account." -- Walter Lippmann "You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists." -- Abbie Hoffman Last edited by smooth; 02-05-2005 at 11:24 AM..