UnThreaded | Threaded | Whole Thread (63) | Ignore Thread Prev | Next
Author: PMcMullenCT Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5267  
Subject: Re: The Transition Cost. Date: 1/18/2001 8:53 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
You may have noticed that I'm skeptical of these claims that most people would be better off financially if we privatized SS.

I have claimed that any program that actually "adds up" requires that large numbers of current workers or retirees lose ground financially.

A growing number of workers under 40 have little faith that SS will provide them with support in retirement. With SS offering such a meager rate of return already, the ability to divert increasing percentages into private accounts, where individuals can view the balance of a retirement portfolio with their name on it may be more comforting to many than the promises of a politician that the government will take care of them.

Means testing might be another method to ensure that the pain of phasing out SS will not send seniors into poverty. Seniors with sufficient investment income would likely accept reduction or elimination of their retirement benefits, if it meant their children would be freed from SS.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (63) | Ignore Thread Prev | Next

Announcements

Social Security Website
www.ssa.gov is a massive information storehouse about all things Social Security. Check it out if you're looking for anything from general info to personalized answers.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement