tag:blogger.com,1999:blog-7334408760351487944.post9209168776991213350..comments2023-11-12T06:43:00.060-05:00Comments on Notes on Social Security Reform: LA Times: Social Security isn't broken; don't 'fix' itAndrew G. Biggshttp://www.blogger.com/profile/16617460431856611873noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7334408760351487944.post-47894222401669825782009-02-16T10:37:00.000-05:002009-02-16T10:37:00.000-05:00Thanks, Jim -- much appreciated!Thanks, Jim -- much appreciated!Andrew G. Biggshttps://www.blogger.com/profile/16617460431856611873noreply@blogger.comtag:blogger.com,1999:blog-7334408760351487944.post-9008242254779605672009-02-16T04:07:00.000-05:002009-02-16T04:07:00.000-05:00Congratulations!Congratulations!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7334408760351487944.post-48864411720056333402009-02-15T22:18:00.000-05:002009-02-15T22:18:00.000-05:00Bill,Good point. If you browse around you'll see a...Bill,<BR/><BR/>Good point. If you browse around you'll see a recent paper where I simulated personal accounts for people retiring today using historical market returns; even folks retiring now would have done ok, for the reasons you mentioned. Also, I did a post today showing the returns earned on the Social Security trust fund; the average return from 1940 through 1986 was negative, and the average through 2008 was less than one-and-a-half percent.Andrew G. Biggshttps://www.blogger.com/profile/16617460431856611873noreply@blogger.comtag:blogger.com,1999:blog-7334408760351487944.post-75356325142439411572009-02-15T18:50:00.000-05:002009-02-15T18:50:00.000-05:00Despite the stock market's "gruesome beha...Despite the stock market's "gruesome behavior" over the last year, the dollar cost average real return from the S&P 500 over the past 40 years is still 5.25%. Compared to the <A HREF="http://www.cbo.gov/doc.cfm?index=9649&type=2" REL="nofollow">negative real return</A> the median worker can expect from Social Security, I know which one I'd pick. Every day of the week and twice on Sunday.Bill Woessnerhttps://www.blogger.com/profile/08919844120431095879noreply@blogger.com