N2EY wrote:
In article , Mike Coslo
writes:


Suggest you young pups and baby boomers start worrying about your Social
Security rather than the demise of Amateur Radio in 170 to 500 years or so

(pick a decline stat)



I decided a couple decades ago not to depend on SS for retirement. If I get
something from it, great. But I'm not counting on it.

SS is not a retirement plan.


Agreed. It's supposed to be a safety net.


It is a mistake to count any money from it a a given.


Agreed!

But I do have a few questions about privatized SS.

What happens if the Stock market tanks the month before your
retirement?


You're in trouble.

Indeed. It happened in 2000, it will happen again.

Unless there are strong protections, (which will end up a
huge drain on the 'Guvmint) there may be people who suddenly find
themselves poor.


There's a basic rule of investment that return and risk are directly connected.
If you want low risk you have to accept less return. One would think that even
a lackluster student like Shrub would understand that concept, but he once
again proves his basic nature as a forty watt bulb in a hundred watt socket.

Unfortunately, humans often don't act that way. In fact I knew a few
folks that wanted to "get just a little bit more" for their retirement.
Their investment counselors actually allowed them to move their money
from safe investments to risky ones. All for the sake of a few more
dollars a month. Yoiks!

And widespread gambling in the US is testament to that fact.


What are the politicians going to raid for extra money?


They don't look that far ahead. Heck, they're not even concerned about paying
back the money already borrowed from the SS system.

I guess the money isn't "borrowed" then is it?

The part I look forward to is going to be how they try to blame THAT on
the leeburalls........ 8^)

- Mike KB3EIA -