Your source for news affecting the U.S. Social Security Administration/© Charles T. Hall
I'm no trust fund expert, but the S&P 500 is up 60% over the last 10 years. Are treasury bonds doing better than that? Would the trust fund not be in a better position if some of it had been in the market over that period?
I would NOT want to invest the trust funds in the stock market. Friday and todays market drops would have been a devastating loss for someone near retirement(if the trust funds were invested in the stock market). There would not be enough time to rebound the losses.
Putting the funds into the market would take the "Security" out of "Social Security," leaving plenty retirees to get "Social" with their local homeless populations.
12:39 PMPick an arbitrary time period and you can always find that the market has been up x% over the last xx years, but if a beneficiary had to retire today, or at the bottom of the 2008 crash, or the 2001 crash, or the 80s S&L crisis, or on and on and on and...
@12:39Bingo. Considering that almost nobody works (for significant earnings) more than 30-40 years and that what the market does really isn't all that important until the last half (or less) of someone's working years (where the bigger balance is more susceptible to changes), the fact that the market can lose significant value so quickly and for a sustained period is a huge problem.
Yes yes, give us all the munneez! We promise to keep it safe!**We will spend it all on hookers and blow. Sorry, old people.
OMG! You people are such idiots. Do you really want to judge a lifetime of investment opportunities by one 2-day correction? Your commentary based upon an obvious complete lack of comprehension of "the market" is the worst sort of scaremongering imaginable. It is just this sort of ill-informed knee-jerk reaction that keeps folks from properly feathering their nest, and thereby preventing overreliance upon government for what should be "golden years."
@ 8:52 AM :You're mentally retarded.............
@8:52amCan you explain the term "ax", and how they affect the markets?
@8:52Sorry but the stock market is essentially gambling. Security, especially as one nears retirement age, is to the greatest extent possible, avoiding risk. The credit of the US government has been good for over 230 years. That is a much firmer foundation for seniors than the stock market will ever be, since more than a few stock market investments go bad.
@8:52From your ugly name-calling, I must conclude that you are the ignorant person or else you are a disingenuous, unscrupulous broker. I do disagree that the stock market is "gambling" as some have said. You need to research everything in which you invest, but unavoidable losses do occur. I have gone through several cycles of "corrections" and recoveries. However, as 7:08 and 5:14 point out, when you are in your late 50's or early 60's, you may not have the time for a long-term recovery of assets from a "correction," or crash. I've invested through several "corrections," and I've made money by buying when everyone else was frightened, and I rode up the subsequent recoveries. However, now in my late 60's, I may not have the time for such a recovery. 8:52, your advice for investors is foolhardy at best and evil at worst. You must be listening to Pete Peterson's "nonprofit" organization.
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