SSA

Many young people are concerned about the viability of social security and are interested in privatizing their account. This would be the final solution to the problem. When it comes to investments the caveat is that past performance is no guarantee of future results but the more data the more accurate the predictions become. The stock market has averaged 10% per year for the past 100 years. If I project out 40 years the odds are good that I will be safe. Over my work life I paid $146,000 into social security and I receive $2,000 per month for life and if I die younger any leftover money goes back to the government. If I had invested my money in the market, I would have $1.2 million and at 10% I could collect $120,000 per year for life and have the $1.2 million to pass on to my heirs.