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Reply to "38 social security"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP. Ever hear of a Roth IRA? Just curious....far more reliable and efficient than SS...and it actually GROWS! I was literally yelling at the TV to Joe to STFU and stop "protecting" my social security, but then I remembered that I voted for Romney on Tuesday and then encouraged him to keep on it. Between that and his and BO's definition of what a small business is, I honestly cringe for them sometimes.[/quote] What is your basis for concluding that an IRA is more "reliable and efficient" that SS?! SSA's administrative costs for the entire SS system are about .6%-- which is better than most mutual fund companies. Also, an investment in the stock market is certainly not "more reliable" than SS-- unless you have suffered complete amnesia about what the market's done for the last 5 or 10 years.[/quote] Just to be clear, we'll not hear from the left on how the stock market is at all time highs during these last three weeks correct? Because that has become a staple talking point on how the market is just roaring these days, and to your thinking, the economy is supposedly booming. I realize you can't speek for that particular movement, but just would like your opinion. And my Roth and 401K have returned as have most that didn't cash out four years ago, so I guess I'm just a bit more risk tolerant. [/quote]
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