Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

bucolic_frolic

(47,832 posts)

3. This imples IRAs - the great Republican freedom from Social Security - have been a flop

Reply to sl8 (Original post)

Sun Jun 5, 2022, 06:38 AM

Jun 2022

Only those who funded and managed them well saw a benefit, and even there some fizzled with market crashes and management fees. Roth conversions became a big revenue for government.

And this proposal, like IRAs deals with the future and those with decades to build assets. What of poor retirees stuck with Social Security minimums? And health care costs? Yeah, supplemental SS income for the destitute.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

7 replies

= new reply since forum marked as read

Highlight:

There's a push in Congress for a new national retirement plan to fill big savings gap [View all] sl8 Jun 2022 OP

If they add the matching contributions, it would be significant Shermann Jun 2022 #1

More fuckin' socia -- no it's Communism. Gub'mint getting involved in banking. 3Hotdogs Jun 2022 #2

This imples IRAs - the great Republican freedom from Social Security - have been a flop bucolic_frolic Jun 2022 #3

They aren't a flop for high-net-worth individuals Shermann Jun 2022 #5

If Republicans think that more forced savings are in order, up the FICA tax Chainfire Jun 2022 #4

How about simply beefing up Social Security so it gives a livable income to all who are eligible? Midnight Writer Jun 2022 #6

Would be fine, if it works. TSP was good for us. elleng Jun 2022 #7