Quote:
Originally posted by gorge camper:
I would rather be safe than sorry. Social security is like insurance. Obviously you're going to need a 401k as well as other investments, i'm not arguing that social security interest bites.

My idea of retirement is not waiting till i'm 70 to retire because of market fluctuations. After 9/11 my friend's dad had to wait 3 years to retire.
And you would have that ability, w/ the new system. The personal accounts are optional. If you feel it's too much of arisk, then you have the option to just leave your 12% social security tax alone. You don't have to divert 4% of that into an investment account if you don't want to.