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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (215109)1/16/2005 12:06:58 PM
From: RetiredNow  Read Replies (2) of 1574761
 
You don't need to be excited about it, but for those who participate in it, they will be excited by the superior returns.

I know people complain about fees they pay to their financial planner and fees they pay to their mutual fund, etc. But at the end of the day, they earn a superior return. Financial planners would be out of business if they were not worth their salt. The best financial planners make a lot of money because they make their clients money. Same goes for the best mutual funds. If they don't, then they lose the business.

As such, I think we ought to give people a choice. If you like the current system, then by all means, stay in it. If you don't, then you have the choice of diverting some funds to a personal account in exchange for having your future benefits cut by the NPV of the diverted amounts up until the day you retire. In this way, we keep the current system intact for those who like it, but give freedom to choose to everyone else.
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