Hey roscoe52 must respect man. Without being a parrot and repeating talkinng points sir, may I ask your opinoin on personal accounts for social security? Thank you sir.
The truth is (and I'm certain you will not like it) I'm 56 years old and will hopefully retire when I'm 62. I have paid into social security my entire working life. I would like my money back. When I retire, I will have two pensions, one mutual fund and one 401 which are not doing worth a crap, and social security. I thank God my social security was not invested in the market. If you start personal accounts now, you would be decreasing the amount of money going into the program. So, for me, personally, I am against personal accounts. I do not consider social security a social program. I consider it an investment that I was forced to make, an investment that I would like a return from.
Now, if I was in my twenties, I would be totally for personal accounts with secured investments, and keep the government away from it.