From: "Geo" 

4% of what, the total you now pay to SS or 4% of your income?

Ok so if its an option then how is it going to save SS? I don't get it, for
all the people who opt to not do it then nothing has changed except SS has
less incoming money. So what does it fix?

Geo.

"Glenn Meadows"  wrote in message
news:4220e2fd$1{at}w3.nls.net...
> I don't think there is ANY change to the total amount from salary or
> matching from employer.  The only change proposed, is the OPTION to divert
> X% (mentioned at 4% so far) to an account where you control what things it
> can be invested it.  I'm sure, it will be like many 401k's, that are
> administered by a fund company, and you can move among the funds, but have
> the same limits on when you can withdraw the funds.
>
> From what _I'VE_ read, this is an optional, NOT mandatory, and the
existing
> system will continue to run in parallel.
>
> I prefer the idea, even at 55, to send a portion of my own money (it's my
> money they're taking), to an account that I can direct to an investment
that
> I'm aware of the risks, and an account that congress can't
"borrow" from.
>
> --
>
> Glenn M.

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