Social Security’s $4 Million Question: Can the S&P 500 Beat a 2033 Benefits Cliff?
A 64-year-old retiree’s assertion that his Social Security payroll taxes might have grown into a $4 million S&P 500 stake is dragging a familiar U.S. retirement debate back into the spotlight—should the system play it safe, or pursue stock market gains? According to MarketWatch on Thursday, the retiree calculated that employee and employer payments, if routed into the S&P 500, would have swelled past $4 million; just the employee portion, he figures, would be close to $3.7 million.