Social Security

[Norm Sauceman]

We are not going to be able to invest %100..we are only going to be given some of it...We will just be given an opportunity to invest SOME of it ourselves to invest SOME of it... read up on it a bit.. He is not giving it ALL to us...and it is ONLY VOLUNTARY..

YOU ..DO ..NOT ..HAVE ..TO ..DO ..IT ..IF ..YOU ..DO ..NOT ..WANT ..TO..

V..O..L..U..N..T..A..R..Y..


I do not think it will not be fine at its current rate.. and I am not willing to gamble on that at all.. I would be willing to gamble PART of my Social Security with some relatively safe investments like I did with my 401K.. I did pretty well with mine.. You just have to watch it..

All I did was made sure if the rate dropped a certain amount that I would move it to another that was better...

If we are given that kind of freedom, I would really like..

I don't know what it was, but right after 9/11..I mean within a couple of weeks when the stock market went back up and everything was trying to resume... I put all my investments into an account that was the safest amount..almost like a low-interest savings account (about 2-3 percent interest).. Many of my co-workers left theirs where they were... I was the only one who came out not a big looser in that.. I tried to tell them.. Although they did recover, I was actually to come out of it with larger gains..

So, long story short. We are going to be given the opportunity (if we want to, we do not have to) to invest some of our Social Security benefit in the Stock Market.. If I am given the opportunity to and have the freedon like I did with my 401K, I would really like to do it.. If the government only has one or two options, I would not like that at all...

[wtnhunt]

[ QUOTE ]
So i dont see any reason to change it we will be fine

[/ QUOTE ]
You dont just ignore problems like this. Not doing anything about ss and letting it continue at the rate is going would be a huge mistake.

[ QUOTE ]
So, long story short. We are going to be given the opportunity (if we want to, we do not have to) to invest some of our Social Security benefit in the Stock Market.. If I am given the opportunity to and have the freedon like I did with my 401K, I would really like to do it.. If the government only has one or two options, I would not like that at all.

[/ QUOTE ]

Yep, it is all in planning stages from what I understand at this point.

[Mathews XT Man]

I disagree. We killed off our work force with abortion, whos gonna pay into the system?? It used to take 1.3 workers per retiree, now its 3.4..........try paying your bills at 80% of what you owe the store......when you cant meet your obligations, guess what......? YOUR BAMKRUPT!!! Let me put my money where I know I'll get it back plus interest! Do you realize that NO government employees collect SS???? Thats right, they HAVE private accounts!!! If it works for them, it will work for me!!!

[David_218]

Unless things change on Wall Street, investing S.S. funds in the stock market will be like gambling. The S & P 500 Index is only yielding 3% per year at this point in time.

[James7xChamp3]

[ QUOTE ]
Do you realize that NO government employees collect SS???? Thats right, they HAVE private accounts!!! If it works for them, it will work for me!!!

[/ QUOTE ]

That is not true. Under CSRS (old system) it is true, but under FERS since 1983 or 84) we do get SS plus we have TSP in which I invest 15% of my pay into 5 or 6 different funds. I can put it all into 1 fund or divide it up into differnet ones. This is what the President was referring to. For long term investing, it's a very good system IMO. What I like best, is I choose where to invest my money.

I'd like to say one thing while on the topic of SS. It would get fixed FAST if everyone was apart of it. I'm talking the Congress, Senators etc. SS does not affect them one bit. They represent us, and should be apart of SS if we are to get true representation. Their retirement system is a sham! They even vote on their own raises/increase etc. Take that away, and see how fast SS gets fixed!

[Norm Sauceman]

[ QUOTE ]
Unless things change on Wall Street, investing S.S. funds in the stock market will be like gambling. The S & P 500 Index is only yielding 3% per year at this point in time.

[/ QUOTE ]

3% is a lot better than nothing, plus it is just a part of my Social Security..the rest is in the Social Security vault collecting NO interest....Think about that 0%.

[wtnhunt]

Three percent is a lot better than getting a negative or no return at all on the money you put in.

[David_218]

[ QUOTE ]
Three percent is a lot better than getting a negative or no return at all on the money you put in.

[/ QUOTE ]

A 3% return does not keep up with current inflation rates. I remember when the dow & S&P were both below 1,000 and investor's returns were a whole lot more that a lousy 3%. The REAL value of todays stock are greatly overpriced, and the P.E. Ratio is way lower than it was 20 years ago.

[Norm Sauceman]

OK, but how much of a rate of return do you get in your Social Security??? What is it up to now??? 0%?

[David_218]

[ QUOTE ]
OK, but how much of a rate of return do you get in your Social Security??? What is it up to now??? 0%?

[/ QUOTE ]

The way the Social Security has been looted it is probably <0%!

[Norm Sauceman]

We NEVER got a rate of increase on Social Security..
N...E....V....E....R...

Social Security never paid interest...

[Norm Sauceman]

WHEW!!!!!

I...N...D....E...P...E....N....D....E....N...T.... .

[Mathews XT Man]

M....E.....T...O...O...

[stevebeilgard]

meeee threeeee. more facts. bushes changes are VOLUNARIIIIIIIILY! for you liberals, that means you don't have to do it. you can stay with the dependable, guaranteed social security. BUT, if you are a fool hearted gambler, you may, if you want, take up to 15% of you social security payments, and invest them in mutual funds. not the stock market directly, but only in mutual funds.

history lesson here: NO mutual fund ever in existance, has EVER lost money for an investor who has left his money in the fund for 10 years of more. in short, since bushes plan (what very little we actually know about it) says you MAY invest up to 15%, if you want, into a fund where you can't touch it for at least 10 years (that's why it's for folks under 55 only) you have a good chance of making money. in countries where it has been tried, most who invested are making triple (that 3 (three) times as much as the government plans.

sounds pretty risky to me......

has bush done anything.... anything at all good, in the past 4 years. not according to liberals (aka losers)

[buckee]

Y..o..u M...u...s...t B...e L...i...b...e...r...a...l .
Come to Canada and go home a republican. Great vacation