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Politics : View from the Center and Left
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To: Wharf Rat who wrote (211140)12/10/2012 1:22:11 PM
From: bentway1 Recommendation  Read Replies (1) of 541878
 
"There is no difference."

There IS a difference. YOUR money is working in your 401k. YOUR money is making money. Hopefully, at least 7-8% a year. If the market collapsed, it could dramatically shrink.

SS is a generational transfer program. YOUR contributions paid for your parents and their generations SS checks. The only money it made was on the interest from the money it loaned the government when they borrowed it, a paltry point or so of interest. But, it will ALWAYS be there, despite the naysayers - that began when it was conceived. They've ALL been wrong.
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