Quote:
Originally Posted by Jim in CT
Do you know what kind of return they get on those contributions? I read that baby-boomers will ee about a 1.9% average annual return on what they paid into social security, which is a lousy rate of return. My generation will pay more and receive less, so there's no way I'll break even. That teacher fund you referred to probbaly returns teachers 35% a year, guaranteed.
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I'll have to check. They screwed up my payment one year and paid me as an employee as opposed to a contractor so I have something like $50 sitting in the account. I'll see if I can dig up the info.