because a sharp operator can do more than the Social Security Administration can do if they deposited the same amount of money into their own investments.
But there's a catch. You're on your own for retirement. Fail and it's on you. No bailouts with taxpayer money.
I've never been one for forcing people into a program they don't want.
Your call.
What I think will happen over time is many will be successful and it will lead others to follow and Social Security will diminish down to a manageable level.
It won't happen overnight, though.
You might be right, but I would guess that most people would be lazy and not manage their own retirement investments- look at the statistics on how many people have no retirement savings other than Social Security.
ReplyDeleteMost people WOULD opt for SS for that reason. They can be lazy. However after seeing people retire at 50 and living well many would go that route. The best thing that could happen is making a course in finances in HS mandatory. I left HS and didn't even know how to write a check.
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