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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (104002)4/11/2000 7:45:00 PM
From: Jim McMannis  Respond to of 1570744
 
RE:"I saw somewhere that the annualized rate of return on SS money is only 2%"

Certainly people would do better saving for themselves.
What you must realize is that in the early days of SS people were paying in just a few bucks a week. Those that retired say 15-20 years ago got all they paid in back plus interest in less than 2 years. They got a real deal.
You on the other hand, have a snow balls chance in hello of getting anything near what you will have paid in, back, even if you live to 125.
When SS was made up. People didn't live much past 65...nor was it ever intended to be enough to live off of sole source.

Jim



To: chic_hearne who wrote (104002)4/11/2000 11:51:00 PM
From: Joe NYC  Respond to of 1570744
 
chic,

I saw somewhere that the annualized rate of return on SS money is only 2%.

There is really no return on SS money, since it goes out the door the day it comes in. Except by the puny trust fund - puny in terms of future liabilities of the Social Security system.

Joe


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