Reply #6: it is a margin account where the loan payback is greater than the balance [View All]

[ibid]

for 30 to 40% of the people - the payback being a requirement so that a reduced social security annuity can be "purchased" with that balance.

if you are lucky - and the stock market not in one of its multi-year slumps - you may score both the annuity and a few dollars "left over after purchase of the annuity" - and indeed these are dollars, if they exist, that your kids can inherit.

before retirement age the basic current survivor benefits are increased by the account value - but the basic current survivor benefits are drasticly cut under the 2 trillion 10 years, 5 trillion over 20 years borrowing for "transition costs" plan.

If the survivor and disability benefits are not cut, the "transition costs" double.