Are you aware that SSI is an insurance (or lifetime annuity) not an investment?

SSI covers disability, and supplements income no matter what happens. Disability? You're covered. Live to 105? You're covered. Market dips 50% in a period you have a lot of expenses? Your benefits are unaffected.

Tax advantaged 401k is already the vehicle of choice for retirement funds.

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Ajedi32 4 hours ago | parent [-]

1600% higher returns can cover a lot of eventualities.

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compsciphd 3 hours ago | parent [-]

it doesn't cover you getting disabled so you can't work anymore at the age of 30 after working 8 years.

1600% higher return is great when you work from yours 20s to your 50s/60s and can essentially self insure yourself at that point with it, but as the person you are responding to you is (I believe) trying to say, that's not everyone.

	▲	Ajedi32 3 hours ago \| parent [-]
		Fair, but given that we're talking about a hypothetical government program, "index-based retirement fund" doesn't imply you're the only one contributing to said fund.