“Gotta love all the talk about investing some of your Soc Sec contribution into a separate 401K, with matching govt funds...I can just imagine the Lions on Wall St licking their chops at the thought of billion (yes billion) dollar bonus checks !..and then....suppose the Stock Market tanks about every 10 years, just a little 10-15% ‘corrrection’ that hits just before a guy or gal is set to retire...
If that had to be my choice, it would be 80% into bonds- even those can lose money in a bad year- and 10% domestic and 10% international stocl...diversified...
Then- try and sell that to paople getting about $480 a month only in Soc Sec...
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You, my friend, have a lot to learn. Even with that 10-15% correction you SS payments would be worth a heck of a lot more than what you get out of the government program.
I apologise. I should have known my best friend was mobbed up.