Quote:
Originally Posted by Toby
What does the federal goverment do with your social security when you are not using it?
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Allegedly they sit on it... but really they dip into it. Not aware of any investing.
I think raytri actually did hit the nail on the head. I think social security might need some reform... but let's call it what it is. It's a safety net. That means it catches you when you fall.
Investing is what you do to try to avoid falling.
I think the main problem with social security is that too many think it is a stand-alone retirement plan... or that it should be appreciating.
That's not what it's for.
So should we cut its scope and focus on getting more people to invest, making social security a smaller and more targeted safety net? Sure. Let's look at that.
Get rid of it completely? Not so much.
Compare its outcome to that of a fundamentally different thing? All that does is add to the confusion about what social security is.