On 04/18/2015 10:32 AM, Larry Blanchard wrote:
On Fri, 17 Apr 2015 19:58:30 -0700, Doug Winterburn wrote:

Then why is it that I put 10% away of gross my working life where my
employer and myself contributed 12.4% to SS, yet I have been taking out
twice out of my savings compared to what SS pays and my savings are
still growing?

What's the fact that you made good investments and were lucky got to do
with the original discussion?


It has to do with the fact that SS as an investment is a poor one.
People could do much better investing that 12.4% themselves for a
retirement fund. The fact that you claim most people will take out more
than they contributed only underscores how poor an investment SS is. I
had no insider knowledge in my investments, only the standard mutual
funds, bonds, reits, etc - all done by my financial advisor with my
permission. I also didn't make a huge amount of money, although I
usually maxed out on SS contributions before the end of the year. Luck
had absolutely nothing to do with it, unless you consider planning ahead
to be luck.


--
"Socialism is a philosophy of failure,the creed of ignorance, and the
gospel of envy, its inherent virtue is the equal sharing of misery"
-Winston Churchill