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Started By
Message
Do You Think SS Will Become Insolvent? If So, When?
Posted on 2/23/17 at 9:14 pm
Posted on 2/23/17 at 9:14 pm
I don't think it will simply because it is the ultimate sacred cow.
Now, I think the benefits and payouts will be slowly but significantly whittled away, taxes will be increased, more will be taken out of your paycheck, full retirement age will be raised, minimum retirement age will be incentivized, and other spending will be cut and shifted to SS, all in the effort to keep it afloat.
Now, I think the benefits and payouts will be slowly but significantly whittled away, taxes will be increased, more will be taken out of your paycheck, full retirement age will be raised, minimum retirement age will be incentivized, and other spending will be cut and shifted to SS, all in the effort to keep it afloat.
8
Posted on 2/23/17 at 9:16 pm to LuckyTiger
I want it abolished. If I want to squander my money in the present, I should be able to. frick forcing me to save. frick it!
Posted on 2/23/17 at 9:17 pm to HailHailtoMichigan!
And the people about to or currently getting it?
Posted on 2/23/17 at 9:18 pm to HailHailtoMichigan!
If you're under 60 just forget about collecting anything meaningful and start saving like never before...old farts like me are going to spend it all before you retire for sure... 
Posted on 2/23/17 at 9:18 pm to LuckyTiger
I may have to join the Amish so that I can opt out.
Posted on 2/23/17 at 9:21 pm to Phil2012
quote:
If you're under 60 just forget about collecting anything meaningful and start saving like never before...old farts like me are going to spend it all before you retire for sure
Posted on 2/23/17 at 9:22 pm to LuckyTiger
I don't know if it will still be or not when my turn comes but I'm not counting on a single penny. I'll just work till I drop.
Posted on 2/23/17 at 9:32 pm to LuckyTiger
I don't think it will become insolvent, but I will probably only collect enough to pay a cell phone bill.
Posted on 2/23/17 at 9:33 pm to LuckyTiger
the world's biggest Ponzi scheme!
Posted on 2/23/17 at 9:34 pm to LuckyTiger
2030
Posted on 2/23/17 at 9:35 pm to LuckyTiger
I want out, now.
Posted on 2/23/17 at 10:50 pm to Chrome
quote:
I don't know if it will still be or not when my turn comes but I'm not counting on a single penny. I'll just work till I drop
Ya, they'll keep raising the age, lowering benefits, then means test high income earners from receiving it to keep it alive.
Posted on 2/23/17 at 11:39 pm to LuckyTiger
no
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