What would a private plan offering all that Social Security does cost?

October 23, 2008



Whenever I see the debates on the value of social security, always bring a fire on board and how much better would be if someone could invest 12.8% of their income in a score board. This hinders him ever since the Social Security offers several benefits that are not usually discussed. (http://www.pueblo.gsa.gov/cic_text/fed_prog/ssundben/ssundben.pdf). It 's kind of like talk with someone about cars, but all you care about how fast it goes. So what you think so would cost a private company that provides social ago. Of actuaries out there who enjoy the challenge? This issue is not intended as a debate whether the Social Security should be privatized. Entire're asking is that a rational basis on which to compare Social Security with the government to offer confidential. There are some meaning to go about this. One would be to analyze what is spent and see what you could get on the market for your 12.8%. Another would be to go backwards from the benefits paid and try to calculate out what a company should charge that level of benefit and what that would have resolved against the current demographics of income. This issue is not really that hard. I 'm just seeking a dollar with some justification. Instead I'm getting the kind of irrational responses that suggested demand in the first place.