" on Thu, 5 Aug 2010 08:52:46 -0700
(PDT) typed in rec.crafts.metalworking the following:

I agree with you. Most people need to have a program where saving is
mandatory. So I can not see Social Security becoming optional.

However, I do think that one should be able to opt for having some of
your Social Security taxes invested. I would be for something like
you can opt for up to 15% of your social security being invested
privately. However if you choose this option, you will only get
credit for 90% of what you contribute to the government plan ( 85 %
times 90% ).

The so called "Chile Plan". You will invest a minimum amount,
you may not invest more than a certain percentage. There are a number
of funds/plans which are acceptable for your pension investments. And
you can check your portfolio at any bank (iirc). After that,
retirement is up to you. If you want to retire at 55, go right ahead.
If you want to retire at 75, more power to you. If you want to eeek
out a retirement - well, that's your choice. If you want to spend
your "reclining years" in a brothel - take it up with your wife and or
priest.
When they made the transition, only about 3% chose to stay with
the Government pension plan - their equivalent to SSI. And those were
described as the die hard socialists, who would rather get a
government check, no matter how measly it was.

tschus
pyotr
--
pyotr filipivich
We will drink no whiskey before its nine.
It's eight fifty eight. Close enough!