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Originally Posted by smooth
Usually it helps to cite the page when you quote a document. Are you referring to this (which is an 'example speech' for politicians to make to the public, not an initial proposal):
(page 74) (clipped)
I wonder what all those mights and coulds portend. Regardless, I think that document supports what I said, despite your attempt to rewrap it.
Good to see the republicans are finally on board with the government protecting us with safe, limited choice  |
The three funds they listed make sense to me so I assume something like them will be in the final plan. The government bond fund (low risk/low return), the corporate bond fund (medium risk/medium return) and the stock fund (high risk/high return). That way younger workers can put their SS money into the stock fund and re-balance into the other funds as they grow older. This is how many of us handle our personal accounts now.
If we don't like the makeup of the funds that will be offered as I understand it, we can choose to not participate and put all our FICA taxes into the SS plan.