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View Diary: Social Security by the Numbers (73 comments)

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  •  IRA's and 401k's (1+ / 0-)
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    Liberal Thinking

    are completely different beasts. 401k's are determined by the employer and vary widely in nature from the good, the bad, and the ugly.

    IRA'S are individually managed on the other hand and you have the choice to put that where ever you want. The best mutual funds and etf's have the lowest costs of around 0.10-0.25 see here.

    http://research.tdameritrade.com/...

    http://research.tdameritrade.com/...

    and

    http://research.tdameritrade.com/...

    These three funds would allow an investor to have equity investments in the entire world with fixed income for about 0.12 percent.

    As I said before, this isn't an argument for SS privatization, since I don't believe that will work for other reason but nonetheless.

    Throughout my entire public career I have followed the personal philosophy that I am a free man, an American, a public servant, and a member of my party, in that order always and only." -- LBJ

    by moderatemajority on Sat Mar 30, 2013 at 08:49:09 PM PDT

    [ Parent ]

    •  Those Are Still Investment Funds (0+ / 0-)

      They carry risks. The only investments suitable for retirement are the very safest ones. As I say above you can't afford to reach 75 and have someone tell you you're out of money. Or, 65, for that matter and not have enough to invest in your annuity to get you through.

      But if you're only going to invest in the safest instruments, why pay anyone anything to manage it for you?

      Obviously, if you invest in the whole world the individual problems with one company or another would be averaged out. Unfortunately, if the whole world economy went down, so would your investment. A worldwide recession? Well, we just had one.

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