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Old 08-21-2011, 11:08 AM  
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Quote:
Originally Posted by RedJeepXJ View Post
no, the point is that it generally DOES NOT, you got lucky, a 10% yearly return average is quite phenomenal and can't be expected, generally returns are much closer to 6%. just because it happened to work for you at that point in time with that investment in no way proves that anyone anytime can do the same. besides you miss the whole point in what social security is all about, a safety net, what if the markets had tumbled and it had become worthless? etc... that is what social security is there for, to ensure people aren't living on the streets as beggars once they get old.
But as a Ponzi scheme SS funds have no growth and without more workers paying in than drawing out it can't work, and the taxpayer it purports to serve pays the makeup as well as the interest on the intra-governmnet notes.

Is there any successful IRA or 401k that invests only in government bonds? My IRA tracked closely with the market graphs over those years (usually a bit below the curve).
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