....I am over 55 so whatever they do with SS supposedly will not affect me......
Well, let's think on that statement. What is you live to 95?
John Maudlin says that as the boomers age, they will become conservative, sell stocks and buy bonds. Stocks overall will decline as the sellers exceed buyers.
His thoughts are correct unless there are personal retirement accounts and the "kids" start buying mutual funds that will buy the stocks the aging boomers sell.
If you are old like I willbe, with a portfolio including stocks, I want the market to not decline. The personal retirement accounts will capitalize a new America and my boat will rise with the tide even tho I'm too old to do any thing but mind the mooring lines.
All of your stocks are my mutual funds.