From: "Geo" 

"Jeff Shultz"  wrote in message
news:pan.2004.12.13.15.12.24.60949{at}shultzinfosystems.com...
> On Mon, 13 Dec 2004 07:15:30 -0500, Robert Comer wrote:
>
> > What about us that it's further out (20-30 years), but not further out
> > enough to have the social security private account get funded enough...
> >
> > - Bob Comer
> >
>
> I don't know about your social security benefits, but if you don't have
> some private retirement account set up by this point you are
> irresponsibly screwing yourself.
>
> And I don't believe it's the government's responsibility to protect you
> from the fruits of your irresponsibility.
>
> SS was designed aa retirement augmentation, not a full-blown pension.

So is it wrong to count on getting something for all the money you invest in SS?

SS is sort of like college tuition, everyone tells you that you need to
save for your kids college but if you do then what happens is the college
charges you more for tuition, you gain nothing unless you are so well off
that the cost is trivial anyway. Well SS is sort of like that, the better
off you are earning wise at retirement the less return you get on your SS
contribution.

Geo.

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