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Hortensis

(58,785 posts)

8. Agree SS + personal investment accounts is

Reply to eridani (Reply #4)

Mon Jan 25, 2016, 08:15 AM

Jan 2016

what's needed. Daleanime, very unlike SS, the money a person puts in and the returns on those years of investment will belong to that person. Nothing to do with Congress.

It's a shame more people don't just do this on their own, but at least these investments should be somewhat safer, despite the caveats in the article.

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Highlight:

Half of America�s Workforce has No Retirement Plan�But Illinois has a Fix [View all] eridani Jan 2016 OP

Kinda like a state social security? Does the "no retirement" include soc sec? Liberal_in_LA Jan 2016 #1

No, just personal savings. Far more people rely only on Social Security-- eridani Jan 2016 #2

Simpler and better... daleanime Jan 2016 #3

That, too. The reality is that we need savings as well as Social Security eridani Jan 2016 #4

Agree SS + personal investment accounts is Hortensis Jan 2016 #8

It sounds good but wages need to be above subsistence for it to work Warpy Jan 2016 #5

Precisely Sherman A1 Jan 2016 #6

Depending on how much the worker is getting paid it might work. hobbit709 Jan 2016 #7

Never give Illinois politicians anything. AngryAmish Jan 2016 #9

^^^This^^^ ProfessorGAC Jan 2016 #11

So employers set up savings accts for their employees? elias49 Jan 2016 #10

In addition to the half that has no retirement plan at all... Orrex Jan 2016 #12

"Want to retire? Make More money!!" HughBeaumont Jan 2016 #13