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re: In just a few years, the average retiree will be receiving 37% more in SS than he paid in
Posted on 2/25/24 at 8:20 am to SlowFlowPro
Posted on 2/25/24 at 8:20 am to SlowFlowPro
quote:If they are invested and remain invested, absolutely NOTHING happens, and by May they are basically whole again. But IRA's could have constraining policies requiring some or all the investment be in US Dept securities.
And then what happens when the market shifts wildly for each population entering retirement? Remember the 2009 retirees who got absolutely fricked by that market? Or what about people who would retire in 2021, when the market was insanely high?
2
Posted on 2/25/24 at 8:24 am to NC_Tigah
quote:
If they are invested and remain invested, absolutely NOTHING happens
Huge IF, especially once they're vested and can withdraw.
People in the upper tier in private markets lost their arse. You don't think the population of lower intelligence/decision-making won't do the same thing?
Again, you have to look at these programs from the POV of the government and the entire population. You have to build these systems to give equal opportunities to the lowest rung of society and decision-making. That destroys efficiency.
Posted on 2/25/24 at 8:33 am to NC_Tigah
quote:
But IRA's could have constraining policies requiring some or all the investment be in US Dept securities.
When Bush announced this in his SOTU in the early 2000's, what was the new product that just hit the market? It was Equity Indexed Annuities. These sound like variable investments but they're actually fixed (non-variable). You indirectly participate in an index bucket (equities, bonds etc.) not directly like mutual funds, variable annuities etc. You don't get the full run up of the underlying investment, but if they go south then you have principal guarantee. Then every 5 yrs you can lock in a new high water mark. SFP is about as useful as a poster as tits on a boar. There's no way he could understand this simple concept of what Bush was trying to implement that got immediately shut down in the House. I like these threads where he shows his arse and just how wet behind the ears he really is.
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