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Old 01-27-2011, 09:36 PM
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Quote:
Originally Posted by PiKA2001 View Post
So if one was to opt out of SS what would happen to the money they already "invested" into it? I'm not a fan of it myself, but I don't see it going away... Ever.
I have already opted out of SS once. I still had money invested in it, but for the years that I was opted out, I did not pay into the system. This was a part of Louisiana employees' retirement options. I only participated for part of my residency, but I was able to take $14,000 out of the system and rollover into a 401K. My husband took his out and paid a penalty to just keep the money. My 401K lost 45% of it's value the next year when the stock market tanked.
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