Social Security |
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| By: Ari Saturday November 29, 2008 2:27 pm | |
A good investment:
The U.S. government pledges that you will receive those payments, adjusted for inflation, for as long as you live…This kind of bond has a name: an inflation-adjusted immediate annuity…The implicit bond of Social Security makes up about 40% of the total assets of the average household on the verge of retirement…
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1 Comment
Are you sure that number is as low as 40%, especially now that equity based 401K and IRAs are a third of what they were a few months ago?