There is NO RISK in privatizing SS and investing in stock market!!!

[NYcarbineer]

Yes there is. There is lots of risk.

NO THERE ISN"T if you are NOT a dummy and would put ALL your retirement funds in the "risky stock market" at retirement!

YOU still don't get it do you?? YOU evidently have NO idea of what compound interest is!

EVEN EVEN if the 25 year old puts all his SS payments into a savings account yielding 1% he would have $400,000 accumulated.. at no risk! ALL in totally secured NON RISKY stock market!!!

Social Security is an insurance plan not a retirement account. If you collect it, part of what you're getting paid comes from people who paid in but didn't collect for one reason or another.

 

[uscitizen]

Yes there is. There is lots of risk.

NO THERE ISN"T if you are NOT a dummy and would put ALL your retirement funds in the "risky stock market" at retirement!

YOU still don't get it do you?? YOU evidently have NO idea of what compound interest is!

EVEN EVEN if the 25 year old puts all his SS payments into a savings account yielding 1% he would have $400,000 accumulated.. at no risk! ALL in totally secured NON RISKY stock market!!!

Social Security is an insurance plan not a retirement account. If you collect it, part of what you're getting paid comes from people who paid in but didn't collect for one reason or another.

Sad that these investment experts do not understand that.

 

[NYcarbineer]

The tax system already gives you ample tax benefits to invest in your own retirement .

 

[healthmyths]

If they get it, they will find a way to steal it, they are Wall Street after all, it's what they do. It just fucking kills them that there is all that money out there that they cannot get their grubby mitts on.

YOU CAN'T GET IT IF YOU DON"T GIVE IT!!

The concept has been around for years... 401Ks sound familiar?

AND don't again jump on that stupid MEME yea people lost there 401ks in stock market !

Idiots... it is called self directed! AGAIN NO idiot would have their 401k in the risky stock market when close to retirement but MOST intelligent close to retirees will have in no risk bonds, etc... NOT the market!


My point is over and over ... ONLY stupid idiots would be in the market at age 65!

 

[JakeStarkey]

Go volunteer to work for Rush.

How many times have we heard so many times by extremely ignorant people including I just heard Robert Gibbs of Obama campaign "privatizing SS and investing in risky stock market"!
and From Obama:
".. including privatization, which essentially is going to put people’s retirement at the whim of the stock market.."

BUT is there a risk? The following article describes in more detail and the essence of the whole question really revolves around do Democrats think Americans are idiots?
The Democrats evidently don't think Americans approaching retirement would evidently be as stupid as Obama/Gibbs and others that make that statement!
MOST Americans approaching retirement age WOULD NOT be in the "risky stock market"!
BECAUSE privatization means the individual has the choice of where the SS payments will be put.
ALL financial advisers and most intelligent people know that from age 25 to 45 the investments would be in the "risky equity market" MOST likely! Doesn't have to be! Depends on the individual.
THEN most advisers and intelligent people would be at 45 moving accumulations from 25 into more secure assets with less in "risky stock market".
AND the point is as the worker approaches 65 MOST if not ALL is in the exact same investments that SS is in.. i.e. Treasuries!

So does this mean Democrats/Obama/et.al. that complain about the "risky stock market" are IDIOTS? YES because evidently they don't know how financial planning works... grow while young as grow older move to more secure! It is that simple but these idiots don't seem to realize it!

As the following article shows a worker at 25 starting salary of $42,569 ( College graduates of 2012: More jobs, bigger paychecks - Apr. 3, 2012)
From age 25 to age 65 salary 20% every 10 years.
Starting age 25 with putting $5,862 per year 10 years at historical appreciation rate of New York Stock Exchange of 6.5%
Age 35 salary $51,083 putting $7,034 per year 10 years at 6.5%
and so forth until age 65 when salary is $73,559 and over time rate of return decreased as moving more from equity to interest generating.
Total Accumulation at age 65 which is then totally in secured NON RISKY stock market.. $941,417

Private Investment Is More Risky than Social Security? | The Freeman | Ideas On Liberty

 

[NYcarbineer]

I would go so far as to allow this much.

Have the government set up a government run program of buy and hold investing in the total stock market, via some sort of index funds,

let people allocate a percentage of their payroll tax liability, up to maybe 20% or some such number, into that fund,

and let their eventual SS benefit reflect the difference in that portion of their investment vs. whatever the traditional SS benefit was paying at that time. If your stock percent was up you'd get a fractionally higher benefit, if it was down you'd get lesss.

But nobody on Wall Street gets their hands on the money, to manage it or anything of the sort.

 

[regent]

I think privatization would be great as long as the government picks up not only any losses but gurantees the gain there would have been under social security, and maybe a few extra bucks for the time involved.

 

[Wry Catcher]

How many times have we heard so many times by extremely ignorant people including I just heard Robert Gibbs of Obama campaign "privatizing SS and investing in risky stock market"!
and From Obama:
".. including privatization, which essentially is going to put people’s retirement at the whim of the stock market.."

BUT is there a risk? The following article describes in more detail and the essence of the whole question really revolves around do Democrats think Americans are idiots?
The Democrats evidently don't think Americans approaching retirement would evidently be as stupid as Obama/Gibbs and others that make that statement!
MOST Americans approaching retirement age WOULD NOT be in the "risky stock market"!
BECAUSE privatization means the individual has the choice of where the SS payments will be put.
ALL financial advisers and most intelligent people know that from age 25 to 45 the investments would be in the "risky equity market" MOST likely! Doesn't have to be! Depends on the individual.
THEN most advisers and intelligent people would be at 45 moving accumulations from 25 into more secure assets with less in "risky stock market".
AND the point is as the worker approaches 65 MOST if not ALL is in the exact same investments that SS is in.. i.e. Treasuries!

So does this mean Democrats/Obama/et.al. that complain about the "risky stock market" are IDIOTS? YES because evidently they don't know how financial planning works... grow while young as grow older move to more secure! It is that simple but these idiots don't seem to realize it!

As the following article shows a worker at 25 starting salary of $42,569 ( College graduates of 2012: More jobs, bigger paychecks - Apr. 3, 2012)
From age 25 to age 65 salary 20% every 10 years.
Starting age 25 with putting $5,862 per year 10 years at historical appreciation rate of New York Stock Exchange of 6.5%
Age 35 salary $51,083 putting $7,034 per year 10 years at 6.5%
and so forth until age 65 when salary is $73,559 and over time rate of return decreased as moving more from equity to interest generating.
Total Accumulation at age 65 which is then totally in secured NON RISKY stock market.. $941,417

Private Investment Is More Risky than Social Security? | The Freeman | Ideas On Liberty

It can all go away in the blink of an eye, as it did for many in October, 2007. The only people sure to benefit from a repeal of SS are the Banksters, Broker's and other financial charlatans who take your money, keep some of it, and gamble with the rest.

 

[healthmyths]

Yes there is. There is lots of risk.

NO THERE ISN"T if you are NOT a dummy and would put ALL your retirement funds in the "risky stock market" at retirement!

YOU still don't get it do you?? YOU evidently have NO idea of what compound interest is!

EVEN EVEN if the 25 year old puts all his SS payments into a savings account yielding 1% he would have $400,000 accumulated.. at no risk! ALL in totally secured NON RISKY stock market!!!

So, you are saying the stock market if guaranteed?

If it's so guaranteed, then why isn't everyone a millionaire?




You are wrong. There is ALWAYS risk in the stock market.

Where WAS I wrong?
Age 25 putting all his/employer SS payments into a FDIC savings account at 1% would accumulate
$400,000 by age 65... NO stock market. NO RISK! So where in the hell did I say in the above statements
the 25 year old would be putting money into what YOU said the RISK stock market???
PLEASE READ very carefully before engaging keyboard! YOUR comments may show your IQ!

 

[bripat9643]

Yes there is. There is lots of risk.

In your case, that's probably true, but not all of us are morons like you.

 

[bripat9643]

Yes there is. There is lots of risk.

NO THERE ISN"T if you are NOT a dummy and would put ALL your retirement funds in the "risky stock market" at retirement!

YOU still don't get it do you?? YOU evidently have NO idea of what compound interest is!

EVEN EVEN if the 25 year old puts all his SS payments into a savings account yielding 1% he would have $400,000 accumulated.. at no risk! ALL in totally secured NON RISKY stock market!!!

Surely, even a paid shill can't believe that nonsense

It's simple math, dingbat.

 

[bripat9643]

Yes there is. There is lots of risk.

NO THERE ISN"T if you are NOT a dummy and would put ALL your retirement funds in the "risky stock market" at retirement!

YOU still don't get it do you?? YOU evidently have NO idea of what compound interest is!

EVEN EVEN if the 25 year old puts all his SS payments into a savings account yielding 1% he would have $400,000 accumulated.. at no risk! ALL in totally secured NON RISKY stock market!!!

Many people out there cannot even balance their check book.
Yes it would be risky and people would be misled as well.

They're already being misled by the supporters of the Social Security Ponzi scheme.

 

[Siete]

the OP is a dope.

end of conversation.

 

[Siete]

They're already being misled by the supporters of the Social Security Ponzi scheme.

tell that to the people who lost their butt in 2008 or 2000 or 1987 or 1975.

and their SS was still providing them with a check ..

 

[MikeK]

There's no risk in letting me keep my money in my pocket to start with.

Of course!

But again prove my thread wrong i.e. ONLY IDIOTS/ i.e. Obama/Gibbs/Democrats that insist on the MEME.. "privatizing will have seniors investing in risky stock market... and look what would have happened to them in 2008!"

ANY SENIOR who had their TOTAL portfolios in the "RISKY MARKET" probably were SENILE!

So again TeLL me where the RISKY market would be if as I have a lot of confidence in MOST Americans to be smart enough to follow this very simple investment principal for retirement: Age 25 to 45 high growth investments.. Age 45 to 65 split the difference... Age 65 total secured investments...NO HIGH RISKY STOCK MARKET !!!

The first thing you need to understand is Social Security is not an investment plan. It is an insurance policy -- and a very effective one.

So if you wish to invest in a 401K program, or play around in the risky territory of Wall Street, which has caused millions of investors to lose their pensions, go right ahead and do that. And if you are wiped out you will still have your monthly Social Security check to put food on your table.

 

[jillian]

Yes there is. There is lots of risk.

NO THERE ISN"T if you are NOT a dummy and would put ALL your retirement funds in the "risky stock market" at retirement!

YOU still don't get it do you?? YOU evidently have NO idea of what compound interest is!

EVEN EVEN if the 25 year old puts all his SS payments into a savings account yielding 1% he would have $400,000 accumulated.. at no risk! ALL in totally secured NON RISKY stock market!!!

Many people out there cannot even balance their check book.
Yes it would be risky and people would be misled as well.

They're already being misled by the supporters of the Social Security Ponzi scheme.

^^^^^^^^^^
poor ignorant rightwingnut

too stupid to understand what would have happened to privately held social security during bush's economic crash

 

[g5000]

Yeah. Before Social Security, no one went into old age without a solid nest egg or pension.

Oh, wait...

 

[jillian]

Yes there is. There is lots of risk.

NO THERE ISN"T if you are NOT a dummy and would put ALL your retirement funds in the "risky stock market" at retirement!

YOU still don't get it do you?? YOU evidently have NO idea of what compound interest is!

EVEN EVEN if the 25 year old puts all his SS payments into a savings account yielding 1% he would have $400,000 accumulated.. at no risk! ALL in totally secured NON RISKY stock market!!!

Surely, even a paid shill can't believe that nonsense

It's simple math, dingbat.

and you aren't smart enough to understand any of it.

 

[jillian]

Yeah. Before Social Security, no one went into old age without a solid nest egg or pension.

Oh, wait...

before social security, more than half of all elderly lived below the poverty line.

funny how the people most in danger of living below the poverty line are the ones who repeat the rightwingnut lies

 

[OnePercenter]

The tax system already gives you ample tax benefits to invest in your own retirement .

Then 2008 occurs. My portfolio has only 25% allocated to the market.

Healthcare premiums jumped 180% just a short 4 years after Reagan allowed healthcare insurance companies to invest in highly speculative stock.