Quote:
Originally Posted by Schneed10
Then too bad for them, we shouldn't feel responsible if we gave them a safety net and they broke it.
|
I dont think it has to be that way. The system can have minimum safeguards to prevent someone from breaking it. You raise the age to 70, and at 60 start reducing the allowed aggressiveness of fund selection. By default 20 thru 40 year olds should be placed in highly aggressive funds, 40-60 medium aggressive, and over 60 least aggressive. If a person wants to change his/her default they have to actively sign and request each year to take on the responsibility.
Nearly all americans would benefit greatly from that type system.
Sent from my SM-G973U using Tapatalk
07-12-2019, 01:06 PM
Threaded Mode