Quote:
Originally Posted by Karen83
Cologal,
I would have been glad to opt out of the government taxing me all of my life for social security and would be much weathier today if I had that option. BUT, I didn't have that option and I will never recieve all that I put in had I been able to invest it myself. I wish our government representatives had to be a part of this scam.
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I understand your statement but no one can really say that. Mainly because no one knows how long each of us will live. The other thing is the stock market itself. While some people make a killing other just get killed. Or kill themselves.
Last year when I bought my winter home in TV I had enough money in one account to pay off both mortgages. My advisor told me NOT to take any out for the downpayment.....leave it in it will grow. Trust me it didn't grow.
I also believe there was a study and I will look for it. 2 states compared traditional retirements vs 401k plan retirements. The traditional ones fared better than the 401k plans.