Newps wrote in
:

If I had the chance when I started working to put all my social
security money into the same funds as my FAA 401K I would do that in a
heartbeat.
All Federal employees have the same 401K, called the Thrift Savings
Plan. All the funds are index funds. I would be so far ahead of
social security in the long run. If I was king I would eliminate SS
and make everybody take the same amount of money as they currently
send SS every month and invest it in the same 401K plan I have now.
If you don't want stocks you can pick our fund that isn't a stock or
bond fund. It always gives you 2-3% above inflation. That still
would give you far more than SS would.

I don't agree. I don't think it is at all possible to invest SS taxes
and come out ahead, and the trouble is if you don't, you're screwed. No
social security, no nothing. I know several people who did that through
city retirement, and now they're just out of luck. In the long run, the
stock market will never increase at anything close to 10%, and nothing is
guaranteed. The people who are really pushing this fiasco are stock
brokers, and they *always* make money, even when everyone else is losing
it.

--
Regards,

Stan

"They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety." B. Franklin