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Politics : Politics for Pros- moderated
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To: Lane3 who wrote (101791)2/23/2005 4:16:45 PM
From: TimF  Read Replies (1) of 793745
 
That is something to consider, and something that has to be dealt with, but its more of a detail than an important strategic consideration. The detail has to be worked out before any such plan is implemented but it isn't something that should cause people to change their mind about the basic idea.

I imagine that the opting for the private account would be irreversible but opting for no private account might not be (assuming the plan really is voluntary). But if you wait until to late to switch to a private account it won't make sense. You won't be able to accumulate much in a private account in say the last 10 years before retirement.

Tim
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