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.

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.

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.

73 de Jim, N2EY

So Jim thinks that Bush will mandate Tech Stocks as the only investment
strategy for SS diversions? How about Gold? OJ futures? Shirley Bush
will see the wisdom in futures?

Jim thinks that one could not tailor their SS diversions according to
their nearness to retirement?

Jim holds no stock market investments. Jim's pension plan holds no
stock market investments. Jim is a 100% treasury note kind of guy.
Jim is safe. Jim is smart.

Jim thinks Jim is the only 100 watt bulb around. Jim could get us to
the moon and back. Hi!