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> www.ssa.gov Interesting you cite Social Security, the mandatory pyramid scheme that every American pays into and many/most retirees rely on for income. If yo
by theandrewbailey 3y ago
> www.ssa.gov
Interesting you cite Social Security, the mandatory pyramid scheme that every American pays into and many/most retirees rely on for income. If you die before you retire, you get nothing from Social Security. If you have a 401k and die before using all the money in it, your beneficiaries (the people who inherit your stuff when you die) keep it; nothing like that happens to your Social Security benefits.
- dragonwriter 3y ago> If you die before you retire, you get nothing from Social Security. If you have a 401k and die before using all the money in it, your beneficiaries (the people who inherit your stuff when you die) keep it; nothing like that happens to your Social Security benefits. Social security has both death and survivors benefits, actually.
- Dylan16807 3y ago"Pay in $10k a year for 40 years, get paid $40k a year for 10 years" isn't a pyramid scheme. You can go buy life annuities at your will, and they're pretty close in function and clearly not schemes.