tag:blogger.com,1999:blog-7896998645146042950.post2045335909967865375..comments2024-03-29T10:23:23.940+03:00Comments on 50 Plus Finance: Happy Birthday Social SecurityDavid Letohttp://www.blogger.com/profile/17812482108962723457noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7896998645146042950.post-76135737555494285402010-08-30T16:07:05.250+03:002010-08-30T16:07:05.250+03:00Social Security is a castle built on sand at best,...Social Security is a castle built on sand at best, and a plain old fashion Ponzi scheme at worst. Unfortunately many Americans depend on SS for a large chunk of their retirement income. There seems little question that contributions will have to be raised, benefits cut, and means testing implemented to keep this program solvent. I wish there was a way to opt out of it, especially for my children. But it is a giant slush fund for Congress to tap into. I've read numerous studies that indicated the real investment return on contributions is 0 or even negative. Too bad we can't put that money to more product use.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.com