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re: If social security is doing so great why do we now need myRA?

Posted on 12/29/14 at 10:20 am to
Posted by Gulf Coast Tiger
Ms Gulf Coast
Member since Jan 2004
18703 posts
Posted on 12/29/14 at 10:20 am to
I look at SS as my fun money in retirement. I will have 2 pensions and 2 IRAs coming in to take care of our needs and the SS money is just extra. I have never planned on it being a "needed" retirement plan for our family.
Posted by Zach
Gizmonic Institute
Member since May 2005
112666 posts
Posted on 12/29/14 at 10:34 am to
quote:

I look at SS as my fun money in retirement. I will have 2 pensions and 2 IRAs coming in to take care of our needs and the SS money is just extra. I have never planned on it being a "needed" retirement plan for our family.


Your fun money will not be there. It's called 'means testing' and you are going to fail the test.
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