Re: Refresher Course on Social Security

On Mar 10, 11:12 am, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx>
wrote:
"mg" <mgkel...@xxxxxxxxx> wrote in message

news:1173545582.727981.77660@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx





On Mar 9, 8:10 pm, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx> wrote:
"mg" <mgkel...@xxxxxxxxx> wrote in message

news:1173487909.684085.249260@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

On Mar 9, 8:43 am, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx> wrote:
"mg" <mgkel...@xxxxxxxxx> wrote in message

news:1173410035.175824.315600@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

On Mar 8, 2:29 pm, "California Poppy" <GoldenStatePo...@xxxxxxx>
wrote:
I am still working part-time for a city rec & park department.
They
have their own retirement program rather than SS, which is what I
think all should be. I was given 19 choices of mutual funds.
They
are labeled as growth, income, and stability. We were given their
3-
year average % increase. I chose a Conservative Growth Lifestyle
Fund for 50% of my retirement and a Core Bond Fund for 50%, but I
could have chose any fund and any percentage, and I could change
any
year. This is what should be available for everyone.

A "city rec & park department" is a government agency that feeds
from
the public trough. They're not subject to the ups and downs of the
free-enterprise system. They don't have to make a profit. If you are
suggesting they're system should be extended to private
corporations,
you're comparing apples and oranges.

No she is saying that what is good for the goose is good for the
gander.
She is saying she works for a government agency who offers her an
opportunity to invest her money and provide her with a chance to make
a
better return on her investment.

She also said:

"They have their own retirement program rather than SS, which is what
I think all should be."

In otherwords what she is apparently saying is that state and local
government employees don't participate in the SS program, therefore it
should be eliminated.

Well, either fix it, or do away with it, and start from scratch..because
it
ain't doing such a good job right now.- Hide quoted text -

I don't know if it is such a big problem in the overall scheme of
things. To me it looks a lot like Bush tried to pull the same sort of
Chicken Little thing with Social Security that he did with the WMDs in
Iraq and then solve the problem in the same way--by destroying it.

-> Tell that to those who only have a
-> social security income to live on....-

Do you think people would get more under the Bush plan, for instance?

.

Relevant Pages

  • Re: Refresher Course on Social Security
    ... have their own retirement program rather than SS, ... Fund for 50% of my retirement and a Core Bond Fund for 50%, ... Chicken Little thing with Social Security that he did with the WMDs in ... With private plans, such as what Bush proposed, given a few good years, such as we had last year, there is no doubt that people would get more under the Bush plan. ...
    (soc.retirement)
  • Re: Refresher Course on Social Security
    ... have their own retirement program rather than SS, ... Fund for 50% of my retirement and a Core Bond Fund for 50%, ... With private plans, such as what Bush proposed, given a few good years, such as we had last year, there is no doubt that people would get more under the Bush plan. ... And the impact of down markets depends to a large degree what your investment mix is. ...
    (soc.retirement)
  • Re: Refresher Course on Social Security
    ... this is based on the simple fact that social security does not have the money to meet the promises it made, and someone at some future time is going to pay the price. ... I do not believe the trustees ever said anything with regard to the Bush plan. ... "if" I set aside 2% of my contributions to Social Security and put that money into say a balanced mutual fund, why should the government be responsible for my own investment decisions? ... That being 6,2% employee contributions and 6.2% employer contributions, for the Social Security component. ...
    (soc.retirement)
  • Re: Refresher Course on Social Security
    ... Fund for 50% of my retirement and a Core Bond Fund for 50%, ... "They have their own retirement program rather than SS, ... government employees don't participate in the SS program, ... free-enterprise system are those who have government ...
    (soc.retirement)
  • Re: Refresher Course on Social Security
    ... >> Fund for 50% of my retirement and a Core Bond Fund for 50%, ... No she is saying that what is good for the goose is good for the gander. ... opportunity to invest her money and provide her with a chance to make a ... "They have their own retirement program rather than SS, ...
    (soc.retirement)
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