Weighing the Risks of Social Security Reform
Washington Times (01/24/03) ; Moore, Matt

Opponents of President Bush's Social Security reform plan, which would make use of personal retirement accounts that would invest in real assets, say the plan is too risky, according to this editorial. However, workers would choose among diversified portfolios, sponsored by professional money managers under government supervision, and they would be investing for decades, which would make short-term market losses irrelevant. An analysis by the Social Security Administration's independent Office of the Chief Actuary indicates that such a system would, in most cases, give future retirees higher benefits than the current system can afford, the commentary says.

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