JiminyCricket wrote:

Great discussion of human behavior and some of the ongoing studies -- but...
the policy discussion ISN'T about PRIVATIZING SOCIAL SECURITY, it's about
allowing people under some age limit (current talk is 50 yrs old) invest
some portion (current talk is less than 10%) of their SS contribution into
federally approved investment vehicles (a limited number of these too). It
wouldn't be mandatory -- so you wouldn't be forced to change from the
current scheme if you didn't want to.

Ahhh, but SS benefits will be reduced in all these plans--
that's the whole point--including reductions for those who do
not use the personal investment accounts. So, whatever percentage
is available for the personal account, it increases the overall
risk. It may also increase the return...but it may not, hence
the risk.

Best wishes,
Ericka