Adron

How Congress Can Solve the Recession, Outsourcing and Social Security

Just getting rid of social security for people under - let's say 40, cuz then they can get rid of mine too, would be AWESOME.

Even with market fluctuations like right now, if I was retiring now, and saving moderately in a 401k, I'd still have more in the 401k even after this MASSIVE market collapse than I ever would in social security. Aside from that one can save 3-6% and have it doubled by their employer and retire good on a 401k. However the Government backed social security at 7.5% out of pocket (by force, no choice given) and 7.5% taken from the employer - even small business, is insane. One can't even retire on that.

15% lost, not able to retire.
6-12% taken by choice, retire comfortably.

WTF? That's a no brainer, why are we still paying into social security.