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Learning to Invest / My Dumbest Investment

URL:  http://boards.fool.com/you-did-this-too-28229661.aspx

Subject:  You did this too Date:  1/14/2010  2:28 PM
Author:  SSchey Number:  3253 of 4340

As I set here writing Uncle Sam a check for my Q4 estimated taxes I realize that my worst investment over the last 40+ years has been Social Security. Once every 3 months I take my Social Security check, add $50 to it and send it back to the government.

Back story:

Around 1970 I was becoming a "normal" citizen, married, starting a family, first home. I decided I needed to start putting some money away in savings, but how much? I decided that a good number would be to match the amount shown on my paycheck for SS tax (not including the company match). This money went into 401K style funds. I continued this level of saving all of my working life.

Results:

I am now retired and collecting SS. I am also drawing money from my 401k(s).

SS check = $1695
401K = $5000 (without impacting principal)

Which was the better investment, you make the call!

SSchey
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