MaXJohnson
NAXJA Forum User
- Location
- The Kansas Rockies
If I understand it correctly, the Presidents plan:
a. only affects a small percentage of your SS deduction, topping out at 4%. I could see this being upped to 10% if the plan is a success.
b. is optional. You don't have to participate if you don't want to.
c. restricts how you can invest the optional amount. You would have a cafe plan of investment funds to choose from.
d. isn't paid out all at once. It's a long term investment so it can survive market downturns.
e. will likely be covered by some sort of goverment guarantee similar to how the FDIC covers bank deposits.
f. sounds good to me. I'm on the bubble.
a. only affects a small percentage of your SS deduction, topping out at 4%. I could see this being upped to 10% if the plan is a success.
b. is optional. You don't have to participate if you don't want to.
c. restricts how you can invest the optional amount. You would have a cafe plan of investment funds to choose from.
d. isn't paid out all at once. It's a long term investment so it can survive market downturns.
e. will likely be covered by some sort of goverment guarantee similar to how the FDIC covers bank deposits.
f. sounds good to me. I'm on the bubble.