1) No it won't. Period. That's what you get for listening to Right Wing Radio.
2) If I'm wrong you'll have no problem proving it.
3) Facts are facts. And if you're going to try and tell me that if you end up old and no money that you'll not be a burden on SOMEBODY then you're only fooling yourself.
1. I don't listen to talk radio. When losing an argument, trot out the ole "Yeah, well yer just stoopid because you listen to talk radio".
2. Average life expectancy is around 75. 10 or so years of benefits versus 50 years of paying in? Are you this mathematically challenged?
3. Once again you're assuming that I'll end up with no money in my old age. This may be what is in your future because you do not know how to handle your wealth, but I assure you it's not in mine.
1) You could have surprised me.
2) From Wiki...."Social Security benefits can exceed market returns of retirement investments under some circumstances, because as an insurance program it pays benefits not only for retirement, but for disability, as well as paying survivors and dependents (see FICA above), and this coverage begins shortly after a worker starts contributing. It can also be argued that part of Social Security's "return" is not only benefits actually paid, but the coverage against risk a worker and their family has in the event of loss of income from retirement, disability and death, even if disability and death occur at a relatively young age."
3) No, I'm not assuming anything. YOU said you would forego welfare in the event that your investments don't work out. I just pointed out that what you said was bullshit, that if you needed welfare you would apply for it like anyone else regardless of what you're saying now.
And it is because of point #3 that I can safely assume that you're pretty young, son. You put forth an aura of invincibility and while that's admirable it's also childish. I have seen better, harder working men than you beaten down. And anyone who's been around and seen what the market forces have done to 401k's knows what I'm talking about.