How to Make $1.5 Million? Let the Social Security Administration Invest in the Stock Market

I wish they would just put the amount we all pay into Social Security into a special fund that is run by Blackrock or something. They get huge fees and the fiduciary responsibility to all Americans to grow their portfolios. This growth is just insane.

He's retiring at the end of this year, and he's dependent on his portfolio for most all of his income. Given his present portfolio valuation, a longer-than-normal life expectancy of 90, and the portfolio earning only a 1% real rate of return during retirement, he could take out $43,000 next year and increase his yearly benefit by inflation. That's 135% more than the $18,250 Social Security benefit!

If he chose to withdraw only Social Security's scheduled benefits, his portfolio at age 90 would be worth just about $1.5 million. Market-base financing gives Ernie options. Risky scheme? You decide.

Yup, this theoretical person just became a millionaire at retirement just by taking the money he paid into Social Security all his life and had Blackrock,Warren Buffet, or someone like that invest it for him. This doesn't even count his 401K or IRA or anything. This is just his Social Security money growing over his entire lifetime. Makes you want to opt out of Social Security and convert it into an IRA or something.