The stock market goes up over time but individual stocks can go down and funds fail at a surprisingly high rates. Its possible to do better in the private sector, but the risks are much greater too. If your particular investments fail leaving you destitute, what should the rest of us do with you? No doubt you think you're too smart for that to ever happen.
SS is a joke. I took my SS statement and mapped it against the DOW. If I had invested what the gov't confiscated from me and had put those dollars in mutual funds, I'd have 9 times more today than what is in my SS fund.
Furthermore, I do not think the government needs to tell me how to save my money. They already steal 40% of my income in TAXES.
Then again, some folks like the nanny state to take care of them. Personally, I like freedom of CHOICE.
""The stock market goes up over time but individual stocks can go down and funds fail at a surprisingly high rates. Its possible to do better in the private sector, but the risks are much greater too. If your particular investments fail leaving you destitute, what should the rest of us do with you? No doubt you think you're too smart for that to ever happen."'
you wouldnt be allow to invest in individual stocks, only funds..secondly, the program would be voluntary...so I'll thank you to keep you nose out of my private retirment plans.