are ira's safe or will the retireing babyboomers wipe them out?

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are ira's safe or will the retireing babyboomers wipe them out?

2006-11-09 12:08:32 · 3 answers · asked by Rfritch 1 in Business & Finance ➔ Personal Finance

3 answers

IRA's are safe as the are insured, Social Security isn't.

2006-11-09 12:24:26 · answer #1 · answered by Joe S 6 · 0⤊ 0⤋

IRA's is what should have been along. They are as safe as what you invest them in. An IRA is your money period. Social Security is essentially a giant Ponzi scheme foisted on us by FDR.

2006-11-09 20:32:51 · answer #2 · answered by gatzap 5 · 0⤊ 0⤋

IRA's only contain your own contributions and the earnings your contributions have accrued. No one else can withdraw from your IRA.

2006-11-09 20:12:09 · answer #3 · answered by Norman 7 · 1⤊ 0⤋