NYcarbineer
Diamond Member
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.