RE: Privatization Works

[Javier Jimenez <jimenj@yahoo.com>]

Do you understand savings accounts and CDs?  Under a privatized
SS you could put YOUR money in a government or corporate bond fund
or a bank CD.  At 6-7% annual return, the retirement income that
workers receive would allow the freedom and security in their
retirement that SS does not and can never provide.

>>>>>>>>>>>> Evelyn Fogel Wrote:
> The problem I have with privatization is that I have absolutely no knowledge 
> of the Stock Market. I wouldn't have the slightest idea of how or what in 
> which to invest.
> I have a feeling that most of us on Social Security are in the same boat. 
 
I would also like to comment upon the statement made about families taking 
care of their elderly. Even with Social Security my brothers and I still had 
to contribute to the care of our mother. If I hadn't had to pay most of what 
I earned as a working wife and mother to support my mother, I wouldn't be so 
dependent up SS now. On top of that, we educated our four sons. Even so, we 
did manage to save a little by foregoing vacations, new cars, etc. I don't 
want to be a burden to my children.