Now that we have 20/20 hindsight was the proposal to let us

Jan 22, 2020
11:23:37am

BYU71 All-American

self direct some of our Social Security contributions. Would this have been a net plus when it comes to retirees and having enough when they retire.

This is definitely a money subject. Please, don't someone change my category.

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BYU71

Bio page: BYU71
Joined: Apr 23, 2001
Last login: Apr 19, 2024
Total posts: 67,369 (1,336 FO)

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Messages

Author

Time

Now that we have 20/20 hindsight was the proposal to let us

BYU71

1/22/20 11:23am

I like the Bush plan of being able to privatize SS.

mudpupper

1/22/20 11:24am

You mean you don't like Congress "investing" your money with all their lovely...

Sock Gnome

1/22/20 11:29am

I always liked that proposal.

cheezedawg

1/22/20 11:26am

Since SS is an income transfer system from young to old

Busiturtle

1/22/20 11:29am

Yea, I can see that. Luckily I put enough in that my kids aren't

BYU71

1/22/20 11:32am

On privatization—how does this work for someone who has paid into the system for decades vs someone just entering the

AtomicHamster

1/22/20 11:34am

Meant for op.

AtomicHamster

1/22/20 11:34am

It is an income transfer system from young to old. Doesn't mean it should be one.

cheezedawg

1/22/20 11:40am

SS is a ponzi scheme

Reedme

1/22/20 9:40pm

The best plan would be to continue to deduct the SS $$ amount from everyone, but let folks choose where that money is

TheLoneCougar

1/22/20 11:47am

I am pretty sure Congress is not in the SS system. First is that correct?

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