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Reply #36: If, for some reason, you were to lose your job, as many people [View All]

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KlatooBNikto Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 04:09 PM
Response to Reply #34
36. If, for some reason, you were to lose your job, as many people
working in the private sector do routinely, they will have a safety net when things go wrong.Social Security takes care of the needs of those people in addition to those like you who are fortunate to have good, secure jobs for life and good health.That program is called a social contract all of us as Americans share.This means that those of us who are young pay into the system to take care of the needs of the older and infirm people now so that future generations will do the same for us. In such cases, the risk is less and that is why your returns are less than what you can do by investing in the securities marlets.Even in the Govt.Securities markets, you must know that there is a risk to your principal.That does not exist with a defined benefit program like SS>
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