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BigV · 04-30-2005, 07:01 PM

Back to Social Security for a minute...

I have been wondering about the Bush administration's touting of Private Accounts (or personal accounts or whatever the hell adjective scored highest in the freaking focus groups). This PA element, is OWNED, by the person, it's inheritable, it's throttleable (more or less aggressive compositions). I think those are the highlights. Here's my question. I'm not trolling, I'm sincerely trying to understand how this is different from Individual Retirement Accounts?

Seriously, don't IRAs do what the PAs are promised to do? How are they different? I already know about Roth IRAs and non-Roth IRAs, I understand how my 401(k)s work. I think I get most of Social Security.

But the difference between IRAs and PAs, *blink blink*, nuttin.

Help please?

04-30-2005, 07:01 PM	#9
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	Back to Social Security for a minute... I have been wondering about the Bush administration's touting of Private Accounts (or personal accounts or whatever the hell adjective scored highest in the freaking focus groups). This PA element, is OWNED, by the person, it's inheritable, it's throttleable (more or less aggressive compositions). I think those are the highlights. Here's my question. I'm not trolling, I'm sincerely trying to understand how this is different from Individual Retirement Accounts? Seriously, don't IRAs do what the PAs are promised to do? How are they different? I already know about Roth IRAs and non-Roth IRAs, I understand how my 401(k)s work. I think I get most of Social Security. But the difference between IRAs and PAs, blink blink, nuttin. Help please? __________________ Be Just and Fear Not.