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Quote by: Scribbler1 And what if they DID prepare for retirement, but they prepared for it by having a portfolio stuffed with Enron stock? What happens then?
Say what you want against SS, but you have to admit it is secure. |
This is a point that is often unexplored. With private accounts come private decisions about how to invest that can turn out badly. In a world with private accounts, what happens to the sucker who invests in the most aggressive plan and loses his shirt at age 65? Maybe he can turn to his family for support. But what if he has no family support? Do we simply let him suffer?