The risk of "personal accounts"
On March 28, 2005, an email from Dow Jones's MarketWatch.com delivered this item, quoted in its entirety:
"S&P: Soc. Sec. personal accounts more risk than reward
By John Spence
BOSTON (MarketWatch) -- Personal Social Security accounts could bring more risk than reward to investors, and would shift more responsibility for saving for retirement to individuals, Standard & Poor's said Monday. "The key question is whether an individual account holder can build enough money in savings to retire comfortably while withstanding any inevitable investment risk," said David Biltzer, chairman of the index committee at S&P. Given the risks in the market, not all aggressive savers will retire with ease, S&P said."
"S&P: Soc. Sec. personal accounts more risk than reward
By John Spence
BOSTON (MarketWatch) -- Personal Social Security accounts could bring more risk than reward to investors, and would shift more responsibility for saving for retirement to individuals, Standard & Poor's said Monday. "The key question is whether an individual account holder can build enough money in savings to retire comfortably while withstanding any inevitable investment risk," said David Biltzer, chairman of the index committee at S&P. Given the risks in the market, not all aggressive savers will retire with ease, S&P said."
posted by The Voice | 5:59 PM
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