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Old 02-10-2005, 08:09 PM
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maddy maddy is offline
~getting by~
 
Join Date: Jan 2004
Location: South of the Mason Dixon
Posts: 3,937
I'll bite... I choose social security....

I'm not a fan of the present system, I acknowledge that it was a great system for a long time, but with the way our retirement systems have evolved over the years (I'm fully 401K with company contribution, and not a lick of a pension), I think I should be given the equal liberty to do with my retirement funds that the government holds as I have with those that my employer and I are setting aside. I'm all for the concept of "individual" accounts with "individual" control. I believe there needs to be some continuing support for my parents who were not of the 401K mindset and are planning to retire on a pension (which isn't much in their case), a small amount they finally did put away, and SS. But, I would like to have more control over my fate, if I'm mandated to pay in a certain amount each year, I'd like to control how its invested, and it's my loss if I pick a poorly performing mutual fund... or my gain if I pick a good one.
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