Quote:
Originally posted by Mmmm, Burger (C.J.)
Here's the problem with that argument--by keeping the percentage in private accounts low, you lose most of their purported benefits. If they're the real cheese, why not go all in?
And, btw, go do a compouding calculator and see the difference between a 2% and 4% return over 40 years. It's a pretty big nut by the time you're done.
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And, I wish I could find the ad or article or something I saw recently about the effect of admin/investment mgmt fees eating into people's accounts. Another big nut that does not affect those who receive defined benefits, but most definitely does affect any kind if investment acct.
