No. of Recommendations: 2
I would have been much better off investing all that money I piled into SS payments over many years and instead investing it myself in good stocks. The performance of my 401K proves that.

Did you account for the fact that SS includes things like disability benefits, insurance coverage for which is very expensive to get, and may not be available if you have "pre-existing conditions" (i.e. if you're likely to need it)?

I second that original posters comment. I too would have been way better off. Even taking into account disability insurance, I have better coverage and lower cost compared to what SSI would provide.

Plus, here is the biggest and best argument for making SS and individual PRIVATE account. I work my entire life, put money away, and I unfortunately die one day before I start with drawing benefits. If it is a PRIVATE account, I can will the money to my kids, grandkids, total stranger, or charity of choice. With Uncle Sam in control, its so sorry, thank you very much for the "donation".

JLC
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