imported post
Government "solutions" are problems in and of themselves.
They wanted a safety net for retirement, so they created social security; now most people seem to be using it as their entire retirement funding plan. Not good. Then the government proceeds to increase benefits. *sigh*
If I could go back in history, I'd just like the opportunity to slap every politician that came up with a "solution" to a societal "problem". We are all paying through the nose for these solutions now, and we will pay even more in the future. I face the very real prospect of working 40+ years paying over 6% of my income off the top into a program that won't exist when I'm done working. In fact, as the prospect of insolvency grows with this program, I fully expect the FICA rate to go up. God forbid the government would ever cut benefits. Way to go, AARP... protect your members at the expense of everyone else. Thanks.
:X
Hey Tom, what has the TSP been saying to you? I'm curious. It also doesn't make any sense. If anything, I'd think this site tends to encourage more aggressive / involved investing strategy - which is something I thought the government wanted, as illustrated by that ill-advised higher fee L fund that is coming down the pike soon. Ugh.