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10-06-2008, 05:38 PM
|  | WE DECIDE, YOU LISTEN! | | Join Date: Apr 2006 Location: Buffalo NY Retired R-77
Posts: 2,193
| |  Dow 10,000
It seems to me that having Joe Lunchbucket manage his own retirement, especially his private social security account doesn't sound like a real good idea these days, does it? Gov't. got their 700 billion, stock market still tanks, Dow at 9856 at this time. Article I have from 99 celebrates Dow hitting 10,000. Most of the people who are working, are working 60, 70 hours a week, how are they going to find the time to manage, let alone learn how to manage their own accounts. Privatize SS, sounds like a great idea, not.  Wall Street to hold Dow 10,000? - Mar. 30, 1999 |
10-06-2008, 06:03 PM
|  | Where r my crabcakes?? | | Join Date: Apr 2006 Location: Brooklyn, NY
Posts: 1,933
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Can you hear the sucking sound as all our money gets sucked into a black hole?
Kiss our pensions, 401k's, insurance, savings, and any other monies we may have good bye.
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10-07-2008, 12:04 AM
| | I THINK IM LOST OR AM I | | Join Date: May 2008 Location: NJ
Posts: 394
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Quote:
Originally Posted by Animo916  Can you hear the sucking sound as all our money gets sucked into a black hole?
Kiss our pensions, 401k's, insurance, savings, and any other monies we may have good bye. | Man the only thing I keep telling my self is that thank god I am young I can gain it back hopefully.  |
10-08-2008, 01:23 PM
|  | Moving to a cold hill | | Join Date: Feb 2008 Location: Pennsylvania - Alexandria, Va
Posts: 649
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Quote:
Originally Posted by TheBigR | I would recommend everyone sit down with a financial planner and discuss your goals and the options you have to get there. Once you do, you begin to understand what you are doing. I work with an independent firm that can use all the major funds. Advice and help is never more than a phone call away.
It just isn't that hard.
As far as privatizing social security, I cannot think of one government controlled entity that would not be more accountable and streamlined as a private entity. Since this is a trucking website, I'm surprised nobody has mentioned the Postal Service advertising no fuel surcharge. Of course they do not charge one. It is a typical government agency that has no financial accountability.
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