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mesue · 02-21-2005, 02:14 AM

The problem is the majority of American's just don't know that much about the stock market. A lot of people lose eveything. The one good thing about the current plan is that one does have a small check in social security to help in their old age. Scenario, people take their money out, invest and lose it all, who is going to take care of them? Are their children going to? Are we as a society going to say while thier starving and homeless going to say, "Well you should have invested more wisely!" I don't know the answer but I do know that Wall Street is just bubbling over with anticipation over getting their hands on this money. Apparently this is not going to be a problem until 2042 should we decide right now or take the time to make a committment to investigate and come up with a better plan than the current one being offered by the Bush administration. And with this plan how much is this going to cost? Are we going to have classes to educate people on how to invest? Who is going to pay for that? There are a lot of things we need to look at and plan for and investigate before we do our usual knee jerk reaction which this administration seems to be famous for. I say form a commission of qualified people to study the issue, people from alll backgrounds and political affiliations and then maybe we can come up with a qualified answer and idea of what to do about the problem. We do have the time for this and can we afford not to take the time to get it right?

02-21-2005, 02:14 AM	#8 (permalink)
mesue Registered User Join Date: Sep 2000 Location: not the middle of nowhere but I can see it from here. Posts: 4,314 iTrader: (0) Thanks: 26 Thanked 167 Times in 92 Posts	Re: personal retirement accounts for Social Security recipients ? The problem is the majority of American's just don't know that much about the stock market. A lot of people lose eveything. The one good thing about the current plan is that one does have a small check in social security to help in their old age. Scenario, people take their money out, invest and lose it all, who is going to take care of them? Are their children going to? Are we as a society going to say while thier starving and homeless going to say, "Well you should have invested more wisely!" I don't know the answer but I do know that Wall Street is just bubbling over with anticipation over getting their hands on this money. Apparently this is not going to be a problem until 2042 should we decide right now or take the time to make a committment to investigate and come up with a better plan than the current one being offered by the Bush administration. And with this plan how much is this going to cost? Are we going to have classes to educate people on how to invest? Who is going to pay for that? There are a lot of things we need to look at and plan for and investigate before we do our usual knee jerk reaction which this administration seems to be famous for. I say form a commission of qualified people to study the issue, people from alll backgrounds and political affiliations and then maybe we can come up with a qualified answer and idea of what to do about the problem. We do have the time for this and can we afford not to take the time to get it right?