Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: neolib who wrote (213530)	12/18/2004 2:43:42 PM
From: Amy J	Read Replies (2) of 1575740

No, you missed my point. The govt intends to let you manage your own 2% (that's my understanding of the proposal), so why would the management fee be 20% if I am managing my funds? Is my assumption incorrect? If the govt doesn't let you manage your own money, then I'm completely against the plan. I absolutely refuse to pay someone else 20% to manage my money, when the govt can do it for 1%, or I can do it for 0%. If they don't make the 2% portion of the SS exactly like an IRA, then I'm against it completely. No way am I going to pay WS 20% of my money to do what the govt can do better for only 1%. The privatization needs to be exactly like an IRA - you can do it yourself or you can pay someone to do it for you. No way should they force you to have someone else manage your money, let alone at a 20% annual fee !!! Regards, Amy J

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