Quote:
Originally posted by bilmore
And, "choices"? Individual investors who can't spend tons of time on research, or who don't have the skills to do research, don't do well picking investments. So, practically speaking, we'll end up with ten or so government-approved boring, safe, low-return investment vehicles. Why not just go back to the lockbox approach, and save all the mess of setting up a new system?
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2. And individual investors who are poor, and therefore most likley to be fully dependent on SS, and for whom the risk of losing money in a private account will be losing any means of supporting themselves in retirement or their survivors after death, should make the most conservative choices. Bringing their returns pretty close to .... well, SS returns. But at much higher administrative cost.
