Quote:
Originally Posted by Der Fuhrer
Honestly, in my opinion, the best solution is to abolish the entire system. It doesn't work. Let people make their own decisions on how much they want to save for retirement. If they don't save enough, well tough shit. That might be a little harsh though.
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I probably lost more in 2008 than you'll make in quite some time. Even the "safe and secure" tanked. Some losses will never be coming back.
So when a next Bernie madoff takes off with your cash, it's just too damn bad? It might just be hindsight but I'd rather have more oversight, if it brings stability. I think most people would have yanked their 401s out of funds if they knew it was tied to sub-prime mortgages.
A start for social security, would be to quit using it as a slush fund.