Tax Guru-Ker$tetter Letter
Saturday, January 25, 2003
Social Security Reform
Allowing people to have more control over where their retirement money is invested is another issue that still needs to be addressed. Although in the long term, investing retirement money in the stock market is not as risky as it would seem from the past few years' performance, I am no more a fan of investing retirement money in the stock market than non-retirement money. There are plenty of other much safer investment vehicles that will be more certain to provide for future years. However, given a choice between the Federal Social Security Ponzi scheme and other alternatives, I would have more confidence in lottery tickets than in entrusting any more money to our incompetent corrupt rulers in DC.
KMK