Retired Investor

Dividend Investing, Index Funds, Cycling, New York Yankees, Philadelphia Eagles, Alternative Music, Penn State Football

[Retired Investor @CommunityBnkInv]

Social Security Reform #SocialSecurity

Proposal to triple benefits for citizens for those entering the workforce

Privatize Social Security & allow citizens to invest funds in pre approved investments

Straight retirement account with no disability benefits or other elements - these can be added by government separately if Congress wants to provide this

Investment Options (this is only choice)

70% in Total Stock Market Index ETF

30% in Aggregate Bond Market Index ETF

Money goes into the individual citizen's account every time someone gets paid (just like social security taxes are deducted now from paychecks)

Money grows tax free until distribution in retirement

Fund fee cap of 0.05% & no ability for government to mandate where investment dollars go

Auto rebalance to 70% / 30% once a year on your birthday

To be clear, index includes an estimate of all stocks and bonds in the US markets - no segmentation, leverage or sub targeting allowed

Rules for distributions are the same as IRAs (Required Minimum Distributions or RMD)

At death, remaining money rolls to beneficiaries (same rules as current IRAs)

No emergency withdrawals allowed

Benefits :
Increases retirement income dramatically (more than 3 times greater) & eliminates the challenge of funding a defined benefit retirement plan (which is what Social Security is currently)

There will never be a drain on the federal government finances from Social Security again for those in these new private plans

Example :
Assuming your invest social security taxes for an individual into the 70% stock / 30% bond portfolio with returns well below historical levels of 7% for stocks & 3% for bonds, total payouts of benefits would be 3.2 times the benefits that the individual would receive in the current social security system and there would be money left over at death to transfer to family

Average annual return for the S&P 500 has been 12.9% in my working lifetime & total bond market aggregate has been 6.1% return annually

This is such and easy and effective way to reform the system

[Retired Investor @CommunityBnkInv]

"Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies."

Peter Lynch

[Retired Investor @CommunityBnkInv]

@remarks Yea - US Military always does this kind of worst case scenario planning so they are prepared

In fact, most of the Federal Government does this kind of thing

Low probability event but higher than normal

[Retired Investor @CommunityBnkInv]

@willchamberlain I guarantee she will be investigated

[Retired Investor @CommunityBnkInv]

@HeyMattM @SteveBakerUSA I think you are right - statute of limitations is past

Again, maybe the arrest of the wrong person was part of the plan

Fool Bongino & Kash - not hard to do - makes this whole thing go away after the mid terms and taints the Trump team

[Retired Investor @CommunityBnkInv]

@JLoughlin7728 @allieberube Franklin was 4-21 against Top 10 teams and 100-24 against everyone else

After years of this, PSU made the decision to remove him because they thought he would never get better

He was doing well in many areas but he just couldn't win the big games

@psufootball

[Retired Investor @CommunityBnkInv]

@micsolana People like this normally have serious mental health issues

Sit back and watch - she will do something wrong later in life or she has already done horrible things in her life

[Retired Investor @CommunityBnkInv]

@BillMelugin_ New York Times doing real reporting?

Who would have thought?

Going against the deep state regime

[Retired Investor @CommunityBnkInv]

@krassenstein They didn't try to vote

They showed how easy it is to commit election voting fraud

No chance they are guilty

More publicity and fundraising for @JamesOKeefeIII

Thank you leftists!

[Retired Investor @CommunityBnkInv]

@Aice_Dee1313 @kenbensinger @londonoe Just the ones who expose how easy it is to do

[Retired Investor @CommunityBnkInv]

@AmericanAlphaX We have to get past the point of thinking that leftists will think like we do

They don't

Unethical conduct, violations of law, violence and censorship are allowed

They justify these things because their cause is just

[Retired Investor @CommunityBnkInv]

@TheProspect Social Security has failed

Private options more than triple benefits

Govt run Social Security is a scheme - a scheme for greedy big gov't authoritarians to take money from hard working Americans so they can spend it, waste it & loot it for themselves & their allies

[Retired Investor @CommunityBnkInv]

@jkbjournalist Lawsuit incoming

[Retired Investor @CommunityBnkInv]

@ggreenwald Leftist can help but be leftists

Censorship, authoritarianism and control

[Retired Investor @CommunityBnkInv]

Well to be fair

Not statistically impossible

But it is highly improbable

Turnout may have been different for both sides - there was a reason people on the right didn't vote for Bolsonaro the 1st time - maybe they stayed home?

Process is the issue - highly irregular move by the court

[Retired Investor @CommunityBnkInv]

@WesternLensman @meljohnson58 I always thought that if it was such a non issue then why not just agree to do it?

If it is such a small issue, it would be easy to eliminate

Democrats know this but resist

They know that material voter fraud by their supporters is ongoing

They just can't win without fraud

[Retired Investor @CommunityBnkInv]

@Jacobtheclipper @mjgranger1 I would be embarrassed if I were this dude playing against women

[Retired Investor @CommunityBnkInv]

@GuntherEagleman One correction - it isn't Trump's agenda

It is the agenda of a majority of voters & 95% of republicans

This isn't a Trump issue - Thune will do the same to Rubio or Vance & block conservative policies

[Retired Investor @CommunityBnkInv]

@elonmusk Who votes for people like this?

[Retired Investor @CommunityBnkInv]

@catturd2 @Brubes793 Typical leftist insurrection