6.2% with employer match. My 401k is matched to 6.0%. Its nothing more than an additional income tax redistributed to those at the bottom. I'd be able to retire 15 years earlier if that money went into a personal retirement account. It's way past time to privatize social security.
Social Security is such a farce
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64 Replies |
Last: 4 yr ago by Rydyn
It is one of the worse government programs of all time.
Thing is, the government knows how to manage your money better than you do.
Just ask them....
Just ask them....
Would you be ok with severe limitations on it? If you are free to invest it however you please, then it won't work.
If you are in your 30s & 40s like my kids, the government is going to hose you horribly if you don't fight it.
also, in before blame the boomers /eye roll
I don't see a single politician, D or R, daring to even attempt to touch Social security in order to weaken/abolish it. We will ride that anchor doen until the nation collapses.
redundantA is A said:
It is one of the worse government programs of all time.
Let's go, Brandon!
If govt doesn't steal money via social security they'd have to roll out a bunch more hoax viruses w corresponding jabs to keep stealing
It's best just to lie back and enjoy it...Highway6 said:
If you are in your 30s & 40s like my kids, the government is going to hose you horribly if you don't fight it.
Let's go, Brandon!
It was fine until the politicians started to use it as a slush fund to buy votesA is A said:
It is one of the worse government programs of all time.
People are too stupid and undisciplined to do it on their own. It's for their own good. The tat and cigarette lobby would like to get rid of it though…..
Being in TexAgs jail changes a man……..no, not really
Mercury and Apollo were govt programs.NoahAg said:redundantA is A said:
It is one of the worse government programs of all time.
The problem is Social Security in todays standard is not being used for what it was intended to be used for.
When it was created people worked until the day they died, or until they were physically unable to. With modern medicine people are living longer and living off it for far too long. It was never intended to pay for people to live off of it for 30+ years like many do.
When it was created people worked until the day they died, or until they were physically unable to. With modern medicine people are living longer and living off it for far too long. It was never intended to pay for people to live off of it for 30+ years like many do.
I know someone who's mom came here from another country and collects social security. Never worked in the US a day of her life. Not sure how that works.
Gig 'Em '98
Longest running Ponzi scheme in history
“ How you fellas doin? We about to have us a little screw party in this red Prius over here if you wanna join us.”
Don't go quietly on this. The government can print trillions of dollars because of a head cold but are going to screw young people out of benefits they deserve. Light a fire under the politicians that want to do that. It's total BSNoahAg said:It's best just to lie back and enjoy it...Highway6 said:
If you are in your 30s & 40s like my kids, the government is going to hose you horribly if you don't fight it.
I doubt it, maybe 4-5; the tax gets capped as you get older and start making real money.1939 said:
I'd be able to retire 15 years earlier if that money went into a personal retirement account. It's way past time to privatize social security.
I like the extra $50k a year "fun" money…
Thanks kiddos !!!
Now, Get off my lawn and pull your pants up !!!
Thanks kiddos !!!
Now, Get off my lawn and pull your pants up !!!
Highway6 said:It was fine until the politicians started to use it as a slush fund to buy votesA is A said:
It is one of the worse government programs of all time.
No , it was fine until technology started increasing the average life expectancy. If people lived as long (or as short) as they did back in FDR's day, it would still be OK.
Life expectancy in 1940 was 60. Its almost 80 now. That's a huge number of people to support that are not working.
This. It also was not intended to be a total retirement package, only a supplementAustinCountyAg said:
The problem is Social Security in todays standard is not being used for what it was intended to be used for.
When it was created people worked until the day they died, or until they were physically unable to. With modern medicine people are living longer and living off it for far too long. It was never intended to pay for people to live off of it for 30+ years like many do.
Well it's working just like it was planned to work.. take another 12.4% from you and your employers pockets so that they can do what they want with the money, it was never about helping you later in life, if it was we wouldn't be in the situation that we are in today..1939 said:
6.2% with employer match. My 401k is matched to 6.0%. Its nothing more than an additional income tax redistributed to those at the bottom. I'd be able to retire 15 years earlier if that money went into a personal retirement account. It's way past time to privatize social security.
That is true. But it is also true that the government has robbed the fund of billions over the past 4 decadesMarcus Brutus said:Highway6 said:It was fine until the politicians started to use it as a slush fund to buy votesA is A said:
It is one of the worse government programs of all time.
No , it was fine until technology started increasing the average life expectancy. If people lived as long (or as short) as they did back in FDR's day, it would still be OK.
Life expectancy in 1940 was 60. Its almost 80 now. That's a huge number of people to support that are not working.
Highway6 said:That is true. But it is also true that the government has robbed the fund of billions over the past 4 decadesMarcus Brutus said:Highway6 said:It was fine until the politicians started to use it as a slush fund to buy votesA is A said:
It is one of the worse government programs of all time.
No , it was fine until technology started increasing the average life expectancy. If people lived as long (or as short) as they did back in FDR's day, it would still be OK.
Life expectancy in 1940 was 60. Its almost 80 now. That's a huge number of people to support that are not working.
Yes they have. I agree.
Marcus Brutus said:
Would you be ok with severe limitations on it? If you are free to invest it however you please, then it won't work.
If not abolished, a much better program would be taking the money out the same way, and then parking it in an index fund for the S&P500.
DallasAg 94 said:What do you think the Gov't is using to pay Illegals?!aquaboss98 said:
I know someone who's mom came here from another country and collects social security. Never worked in the US a day of her life. Not sure how that works.
They are getting SSI benefits distributed and not only have they never worked here... they legally aren't supposed to be here.
Also, SSI abuse is a major issue, even for those here legally. I know one person who has been on it for 15 years and the guy is able bodied. He works for cash on the side too.
maroonthrunthru said:
I like the extra $50k a year "fun" money…
Thanks kiddos !!!
Now, Get off my lawn and pull your pants up !!!
Comments like that are why COVID was called the boomer remover.
Marcus Brutus said:Highway6 said:It was fine until the politicians started to use it as a slush fund to buy votesA is A said:
It is one of the worse government programs of all time.
No , it was fine until technology started increasing the average life expectancy. If people lived as long (or as short) as they did back in FDR's day, it would still be OK.
Life expectancy in 1940 was 60. Its almost 80 now. That's a huge number of people to support that are not working.
this is correct. just like minimum wage, the age for getting social security should also increase. it should be about 72 or 73 now.
I'd respond, but I'm too busy spending my SS CASHOLA !!!
Thanks Millenials… Keep working hard… Daddy Boomer needs to order his season tickets !!!
Thanks Millenials… Keep working hard… Daddy Boomer needs to order his season tickets !!!
It sucks but it's best to ignore it for any financial planning purposes. That way, if you get it, it's nice surprise.
It will never be fixed. W tried and was massively rebuffed. You will never see another President attempt it again.
It will never be fixed. W tried and was massively rebuffed. You will never see another President attempt it again.
AgGrad99 said:
Thing is, the government knows how tomanagespend your money better than you do.
Just ask them....
George W. Bush in 2004 is calling1939 said:
6.2% with employer match. My 401k is matched to 6.0%. Its nothing more than an additional income tax redistributed to those at the bottom. I'd be able to retire 15 years earlier if that money went into a personal retirement account. It's way past time to privatize social security.
Champ Bailey said:Marcus Brutus said:
Would you be ok with severe limitations on it? If you are free to invest it however you please, then it won't work.
If not abolished, a much better program would be taking the money out the same way, and then parking it in an index fund for the S&P500.
Absolutely. If they had done that early on, we'd be solvent.
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