What a pathetic response. You simply have zero alternative investment product whereby deposits are insured.
Domestic Terrorists......BLM, Antifa, Liberal Democrats, Squad....greatest threat to the USA.
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DriveInDriveOut
Inordinately Right
Why do you need it to be insured?
What the hell are you so afraid of?
Let me guess, this all goes back to your family member who died poor in a government home. FFS, you need to deal with that.
Fred's Myth
Nonhyphenated American
Is it insured against the Federal government reducing benefits to remain solvent?
Is it insured against the Federal government expanding benefits to force it into insolvency?
Is it insured against the Federal government taxing even more of the benefits?
Compared to the ALTERNATIVE you have to offer? And what might that alternative be?
DriveInDriveOut
Inordinately Right
Do you know what the average return is for the s&p500?
Yes, and I know that this AM the S&P is DOWN 1.5%. Which again confirms the fact that S&P investments are not insured and can lose money . A lesson the nation learned the hard way in 2008. In the meantime I'm waiting for you to identify for me the investment vehicles that offer insured and guaranteed returns.
upschuck
Well-Known Member
CDs and annuities, to name 2.
DriveInDriveOut
Inordinately Right
Wdfd
There are simple ways to mitigate sequence of return risk. Maybe you should take a finance class at your local community college.
And what are CD's and annuities comprised of ? Federally insured bonds and notes.
Maple Grove MN Driver
Cocaine Mang!
Still deflecting I see. You simply have no alternative investment vehicle that insures deposits or offers a guaranteed return.
Oh, and btw. I think I did ok . I scrapped together $500 and over time managed to turn it into a 1 million dollar retirement portfolio.
But then again, little of it is guaranteed which in turn brings it all right back to the same fact that only FDIC deposits are guaranteed and Social Security for the time being is the only guaranteed monthly retirement income.
DriveInDriveOut
Inordinately Right
There are no guarantees in life little lady.
Why do you need it to be insured?
What are you so afraid of?
Deflect again.
DriveInDriveOut
Inordinately Right
Social security is guaranteed "for the time being".
What a great guarantee!
Lol, you so silly.
Yah, but you're trying to smear the whole group with one idiot.
Sportello
Well-Known Member
You are rearranging the words to give a different meaning to the statement. So predictable. You look so silly.
Social Security 2100 is slowly making it's way through the halls of Congress. it's not going anywhere. So while right wing media has given you plenty of other conspiracy theories to fret over the future of Social Security isn't one of them.
DriveInDriveOut
Inordinately Right
You're projecting, Susie.
DriveInDriveOut
Inordinately Right
I like how when your arguments fall apart under the weight of your financial illiteracy you simply deflect to the "conspiracy theories" narrative your left wing media masters have sold to you.
You radical far left wingers are so silly!
I saw a solution recently put forth by a conservative think tank. They would slowly take away the top two "bend points" in the SS formula over the next 30 years until everyone would receive the first bend point. In today's dollars about $1130 if I remember right. That would go up over time with inflation. The point made was SS was never meant to be a retirement plan but insurance against poverty for seniors. Today's workers knowing exactly what they would get would have to participate in 401k's and other vehicles to insure an adequate retirement. Said SS would be fixed immediately if that was implemented. And under that plan today's retirees wouldn't be affected at all.
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