remember social security privatization?

Allan Sloan does. And here he points out some of the real risks it would have involved. The essence: a couple that happened to retire in late 2007 could have ended up with Social Security payouts as much as 50% higher than a couple that retired in late 2008, even given that they had the exact same portfolio at the time the 2007 couple retired. Why? Bad luck on timing for the 2008 retirees, nothing more.

Timing the market is difficult and risky. Even RISKIER when your retirement relies on it.

Privatizing Social Security. A dumb idea. Let's not repeat it, OK Team Obama?