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Article: PRIVATE ACCOUNTS\ THE PRESIDENT SAYS THEY'RE THE KEY TO SAVING SOCIAL SECURITY. BUT IS THEIR RETURN REALLY BETTER?(MoneyWise)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- January 11, 2005
CopyrightCOPYRIGHT 2005 The Cincinnati Post. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David R. Francis Christian Science Monitor
At the heart of President Bush's plan to sell Social Security private accounts is a simple notion: You're always better off investing your retirement money than letting the government do it.
By doing it yourself, you can stow some money in the stock market, and over the long run will get a better return on that investment than today's Social Security system offers.
The idea is broadly accepted. That's why the administration's plan to partially privatize the system sounds appealing to many. But that better return won't always happen.
Just ask Stanley Logue of San Diego.
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