Ok, well, your post wasn't clear in what you were talking about, as the OP didn't mention anything about voting for any type of candidate.

SS is just throw away money for me.

My retirement from my employer, plus savings, is more than I'll need when I retire.

Kill it for all I care, just give me back what they've taken first.

SS is broken. Same amount of money independently invested would have a much higher yield over the same amount of time, and would keep the government's grubby fingers out of our retirement cash.

Don't invest well? Don't invest at all? Hope your family is cool with you living with them.

fullback44 said:

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I'm ok with ending SS as long as they give me back all that I paid into it with some interest.. I'll take one big check too

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Same for me.

Abolish the defined-benefit structure and replace it with shares of current revenue. Then the program can never run a deficit. If there's a decline in employment or in taxable income, then old people will just have to struggle along with the workers.

Yukon Cornelius said:

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It's not within the federal government's purview to force your own retirement savings. Which they have mismanaged. It should be killed immediately. It's the largest government in expenditure.

Those who have paid into (myself included) it's our own fault for voting government that steals our money.

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Ideally I'd like all of the money that I have already put in to be sent back to me. But if that's not an option and we can kill it right now, and I never have to have the government steal it from me ever again, I'm OK with that. Time to rip off the Band-Aid. It's gonna hurt for a lot of people, but it is what it is.

Since it's already in the government's hands, I'll make it easy for them. They can take every penny I've already paid into it and use that as a payment plan to offset and pay down my taxes every quarter. It can be like a payment plan that they give back.

txaggie_08 said:

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Heineken-Ashi said:

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fullback44 said:

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I'm ok with ending SS as long as they give me back all that I paid into it with some interest.. I'll take one big check too

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They can keep what I've paid if I never have to pay another dime. The money you paid was spent already. The money being paid out is your grandchildrens contributions whether they are alive yet or not. There is nothing to pay back. You either end it, and thats it, or you dont. Do whats best for the future of the country, or become your parents and get whats yours. I choose the former, but Im still fairly young.

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Yep, I'm about 20 years from retirement. I'd give up anything I've paid in over the previous 20+ years if they'd just let me out of any future contributions.

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+1

aggie93 said:

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Yukon Cornelius said:

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It's not within the federal government's purview to force your own retirement savings. Which they have mismanaged. It should be killed immediately. It's the largest government in expenditure.

Those who have paid into (myself included) it's our own fault for voting government that steals our money.

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Yeah, so I've been paying into SS for 37 years against my will and voted for anyone that would reform it unsuccessfully but you don't get to keep my money now that I can actually see retirement happening some day. I would gladly have put all of that money into other investments but wasn't given that choice and now you don't get to keep my money.

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This! Pay it out to ONLY people who've paid in.

Grams got a fat SS check and she didn't pay much or anything at all into it.

Next do welfare. Welfare is supposed to be a stop gap, NOT a lifestyle.

Here's the problem. FDR created SS when people would die within 5-10 years after eligibility. Today, people are living longer after their eligibility kicks in.

No Spin Ag said:

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SS is just throw away money for me.

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Not me.

It will pay my membership at La Quinta PGA West. I'd like the top tier membership to access all 9 clubs.

Most of yall will never retire, or outlive your retirement anyways. You'll just get too old to work.

Inflation won't allow it.

Dad said:

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fullback44 said:

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I'm ok with ending SS as long as they give me back all that I paid into it with some interest.. I'll take one big check too

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Same for me.

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Tax Free when the check comes.

I've long been in favor of a staged termination.

Start off with retirement benefits only. Deal with the disability side of the SS coin at a later time. In other words, eat the elephant one bite at a time.

• If you're under 18 -- It's gone, you'll never have it withheld from your paycheck and your employer's portion will be reduced by 50%
• Some age range (say 18-30) -- You can opt out, no longer have it deducted from your paycheck, never receive any in retirement, and your employers contribution is reduced by 25%. OR you can go to 50% and your employers contribution decreases by 35%.
• Another range (say 31-55) -- You can stay in as is, or you can opt out at 50% benefits. If you stay in then employers contribution remains the same, and if you opt to 50% benefits your withholdings go to 50% and your employers portion is reduced 15%.
• Final bracket (Say 56-retirement) -- Just stay in at this point.

This would likely require govt subsidization, especially for a decade or so as new non-paying workers enter the workforce and full fare workers become fewer, and those in retirement peak over 10 year period or so.

This needs to be accompanied by an increase in 401k contribution limits as people are taking home more of their pay. It would also offer up capital for higher wages on the low end of the scale.

A side effect is that it would make employment of near retirement age persons more costly, but presumably those bring the experience to the table. Or companies would need some other incentive to retain or hire fresh at that age bracket.

No plan would be perfect, but it most certainly NEEDS to go away.

Also, go back to NOT taxing SS as ordinary income. Reduce payments by half of whatever the tax would be on it then send it to the people.

How to "fix" social security:

Everybody must pay into social security until you are 40. This helps the system stay afloat for everybody has already paid into the system.

At 40, you can opt out. You will never see the money you paid into the system. It's gone. However, for the remaining 20 plus years you work, you no longer have to pay into the system.

Easy.

Yukon Cornelius said:

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It's not within the federal government's purview to force your own retirement savings. Which they have mismanaged. It should be killed immediately. It's the largest government in expenditure.

Those who have paid into (myself included) it's our own fault for voting government that steals our money.

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I wasn't born when this was voted in.
I will say my Grandfather would NOT take Roosevelt dimes in change when they were introduced, he knew this program and many more FDR imposed would be abused.

TRIDENT said:

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I'm not counting on SS for survival, but I do plan to collect what is owed to me.

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I didn't either. My Tech eco 3311 prof hammered into us we would likely not get our SS benefits and recommended some sort of retirement plan starting as college students with part time jobs. The dude hated almost every aspect of Keynesian economics

So I did. I put back plenty but none of that changes the fact that nobody for no reason can steal what I and millions of others have put in.