Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (25024)	10/3/1998 10:27:00 PM
From: Grainne	Read Replies (1) \| Respond to of 108807

<The military pension system eats up something like 38% of the budget. Why we still have this antiquated system and not a decent 401K like the private sector is beyond reason or logic. The same thing holds true for Social Security. If we turned these programs into 401K's I believe it would be a win/win situation for everybody.> Really? What would happen if you had to retire when the market was severely depressed? What if automatic sell programs had kicked in, and all the mutual funds in your 401K had been forced to sell at huge losses to pay people who were redeeming their shares? It's nice to think that the stock market will always do well, and I would certainly support some mix of stocks in government retirement plans. But there are as many problems as solutions inherent in this idea.