Reply #35: I posted that before you responded.... [View All]

And putting money in the bank is fail-safe and has been since the reforms after the great depression. It will not 'go bust after several cycles' and has much better returns than SS. Social security is hardly 'guaranteed income'. Its a mandatory investment made over the course of your career that results in very poor returns, which change depending on how old you live to be. If you die soon after retiring, you lose a big chunk of your 'investment' instead of it being passed to your children to use. Now if you DO live to the point where social security starts paying off, good for you. But I would rather know how much money i would have availible to spend rather than recieving it in small parts that may even end in a net loss for me depending on when i die.