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Hedging Our Way to Retirement
Beginning of article
HIGH RISK, HIGH RETURN WILL BREATHE NEW LIFE INTO SOCIAL SECURITY. BY JOE QUEENAN
The concept of setting up private accounts as a partial remedy to the impending Social Security crisis has been discussed by experts in this country in a mood of depressing sobriety. Proponents of the measure have gone to great lengths to assure naysayers that these accounts will be relatively risk-free, that they will be managed by respectable institutions with proven track records, and most important of all, that gullible or unsophisticated pensioners' money will not be put in the hands of scoundrels, as has been the case in at least one European nation that has already implemented this same bold …
