Comment Re:Ugh (Score 1) 146
Go look up the rates. The government charges fees of averaging from 0.036% to 0.051%
For what the government charges 0.036% you can go to fidelity and be charged 0.015%
For the government fees of 0.051% fidelity charges 0.025%.
As for your other claims. First social security is not an investment program it is a social welfare program. For the average person for the the investment portion is rather poor return if you are poorer it has a excellent rate of return. No one who looks at it would put additional money in it for the financial returns and the social welfare part is already payying out.
For what the government charges 0.036% you can go to fidelity and be charged 0.015%
For the government fees of 0.051% fidelity charges 0.025%.
As for your other claims. First social security is not an investment program it is a social welfare program. For the average person for the the investment portion is rather poor return if you are poorer it has a excellent rate of return. No one who looks at it would put additional money in it for the financial returns and the social welfare part is already payying out.