The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Clinton Retirement Plan||Date: 10/11/2007 4:07 PM|
|Author: JAFO31||Number: 59607 of 76398|
canonian: "I agree but as a TMFPMarti posted the original thought behind SS seems to have been changed over time. I'm actually confused, was SS originally created just to keep people from hitting poverty"
Yes; and, as another poster noted, to encourage retirement so that the young could obtain jobs.
"or was it created to allow people to put money in to take out later when they do retire?"
NO. It was designed to be pay as you go and there were never personal accounts with any money that could be taken out later.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|