Why do you think they fought Bush so hard over the Private Accounts you could put part of your Social Security in???
My parents both died just before they were able to collect the first dime and made enough that they paid the Maximum into the system all their lives.
I figured out that if even Bushes 2% had been put into a Private account over their lives and into a stock market mutual fund the account would have had over $250,000 in it.
But if you can actually look at an account with your name on it and see it grow over time it suddenly is "Yours" and the government can't allow that...especially because you want to leave it to your heirs..or god forbid the heirs see how much they Would Have gotten.
Every dime my parents paid in was lost even to them because they died before retirement age and the government keeps all the money.
And just wait...as the insolvency deepens they will look to tax any source of revenue they can....and where will the money be then...Why in ROTH IRA's!!!!
Don't ever believe that they will always remain Tax Free!!!!!
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Why do you think they fought so hard about Private Accounts...
Submitted by FrugalZen on May 13, 2008 - 21:19.
Why do you think they fought Bush so hard over the Private Accounts you could put part of your Social Security in???
My parents both died just before they were able to collect the first dime and made enough that they paid the Maximum into the system all their lives.
I figured out that if even Bushes 2% had been put into a Private account over their lives and into a stock market mutual fund the account would have had over $250,000 in it.
But if you can actually look at an account with your name on it and see it grow over time it suddenly is "Yours" and the government can't allow that...especially because you want to leave it to your heirs..or god forbid the heirs see how much they Would Have gotten.
Every dime my parents paid in was lost even to them because they died before retirement age and the government keeps all the money.
And just wait...as the insolvency deepens they will look to tax any source of revenue they can....and where will the money be then...Why in ROTH IRA's!!!!
Don't ever believe that they will always remain Tax Free!!!!!