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Old 09-18-2008, 09:43 AM
7,099 posts, read 23,919,486 times
Reputation: 7248


Remember the push to allow a person to invest his Social Security money in stocks? What if that had happened?

I'll agree that the present SSA system needs a major overhaul, but allowing a person to do their own "investing" is a little scary. Maybe if a person has about 20 years or so to go, it would work, but it's still scary.

I inherited some property, sold it and got an AIG annuity. So far, the income has made a difference in the level of our retirement living. I look at it like this. Even if I lose every dime, I would be at the same spot as I would be if I hadn't inherited that property.

There's just something that's not just right if a company such as AIG can have as much control over so much as they seem to do. But frankly, having the Government do the investing, is just as scary. The Powers That Be in Washington don't seem to be exceptionally smart either.
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Old 09-19-2008, 04:23 PM
19,183 posts, read 27,763,990 times
Reputation: 4000
The only thing that Social Security is invested in is US Treasury securities...that safe stuff that everybody is suddenly rushing to buy up these days...
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