Comparing SS to personal invest accounts is Apples to Oranges!

[johnaries]

I've only heard a few people talk about this, and I don't know why MORE people haven't brought up this point.

Social Security is NOT a retirement account! It's an insurance account. If you put your money in an investment fund and a catastrophic event happens, you are screwed!

If you put your funds in an insurance fund, like SS, and something happens before your investments mature, you're covered!

There are plenty of incentives for IRA's and 401k's already, and you'd be a fool if you didn't take advantage of those.

SS is not a RETIREMENT fund, it's an INSURANCE fund! Apples and Oranges!

Why hasn't anyone called B* on this? Is it because they are already confident that it won't make a difference?

[tk2kewl]

1. Mangos and Pineapples

[Warpy]

2. Nobody's called Shithead on this because Shithead

is completely insulated from reality.

Columnists have written about this extensively. The whore news is still the whore news, though, and barring a miracle, they won't tell the truth about the Shithead's plan, either.

[Coastie for Truth]

3. 100% correct

It is a "floor" - and includes survivors (life insurance) and disability coverage.

Bush keeps saying "You can't pass it on to your survivors" - but your DEPENDENT survivors get "Survivors'" Benefits.

Try to get Disability Insurance after you hit 40!

[johnaries]

4. EXACTLY!

I had a working mother who paid SS. After she died, I was able to get SS benefits while I was in college. I went to a State School and my father paid for the tuition, but if I hadn't had the SS payments I couldn't have paid for the books, meals, dorm, etc.

If she had an "personal investment plan", that wouldn't have happened. As it was, I was covered until I was 21. That's Insurance! I don't want my children missing that opportunity!

My personal investments may or may not give me extra money when I decide to retire, IF I live long enough: but if I die tomorrow my family would get next to nothing out of those accounts.


edit: because i like to talk and i didn't say enough the first time!