A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Friday, February 04, 2005

Who Will Manage Social Security Private Accounts?

There was an interesting article in today's Wall Street Journal regarding the management of the private accounts (IF they happen). It is an interesting question. President Bush wants low-cost management. That will rule out a lot of firms. My guess is that the accounts will be index funds which will track an underlying index like the S&P 500 or the Total Market Index.

Anyhow, it will be interesting to see how this plays out. The first step is to get the plan approved. I think it is a long shot.