Frank wrote in
:

On 2/20/2012 7:40 AM, bob haller wrote:


wrote:
I was one that paid SS for 40 years. My return would have been
double had I put it into a 401k.

If so, you will be among the few. Even the trustees of SS admit in
their annual reports. Most make less than 2-3% return on their
investments, most minorities (because they tend to die earlier)
actually have a negative ROI.


when the stock market took a dive
can you imagine if peoples SS benefits were suddenly cut by 1/3 rd

fortunately this lan of bush didnt get approved.......


I disagree.
My 401k was hardly touched because 85% is in fixed investments.
I did have a coworker that retired, converted his 401k, paid the taxes
and proceeded to lose 90% of the remainder.
The stupid will always be with us, safety net or no.


Converted his 401(k)? Into what?

If he rolled it into an IRA there would have been no taxes due until he
started drawing money out.