- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Social Security and Medicare will be Insolvent in the 2030s
Posted on 10/5/23 at 3:56 am to Lou Pai
Posted on 10/5/23 at 3:56 am to Lou Pai
SS is basically a Ponzi scheme
Anyone born after 1972ish is likely to see a very reduced version of SS than what is being offered today or none at all.
Anyone planning on SS is a fool.
It’s never too late to start saving for retirement. Even a little bit a month adds up compounding over the years. Don’t be stuck depending on federal government for your retirement it will end in disaster.
You can tell the people who have no retirement savings and are planning to depend on federal government by the downvotes
Anyone born after 1972ish is likely to see a very reduced version of SS than what is being offered today or none at all.
Anyone planning on SS is a fool.
It’s never too late to start saving for retirement. Even a little bit a month adds up compounding over the years. Don’t be stuck depending on federal government for your retirement it will end in disaster.
You can tell the people who have no retirement savings and are planning to depend on federal government by the downvotes
This post was edited on 10/5/23 at 5:50 am
3
Posted on 10/5/23 at 5:25 am to ronricks
If they would let me opt out today and keep my money from here on to put into my private retirement, I would sign a document and completely walk away from this crap. Never going to get remotely close to the value it would be if I invested it privately over the same amount of time.
Posted on 10/5/23 at 7:25 am to ronricks
quote:
You can tell the people who have no retirement savings and are planning to depend on federal government by the downvotes
Has nothing to do with "depending" on the federal government. It's money taken from and promised to workers. Why shouldn't people expect and "depend" on it? To not demand it would be the foolish part.
Posted on 10/5/23 at 8:31 am to ronricks
I am 64, the ss benefits if retired today
$1700, if I work till 70 then i get $3500
that is barely enough to pay taxes in harris co.
as far as "other retirement"
and 3 company buyouts, and their "sus" handling of 401ks,
and co stock that dropped like a rock, costing another $40-60% of the investment, well
It left me with nothing after 45 years of working my arse off in decent jobs. I almost broke even with my contribs, but the co's contribs were eaten in losses
I would have made more money buying unopened boxed hot wheels cars for 40 years.
and I admit some is my fault for not learning to stock trade, but how many other skills do you do to just survive?
so much for fiduciaries having "your interest" in mind
but, I guess I will work, and hope death takes me before I can't work
seriously, f'k this planet
$1700, if I work till 70 then i get $3500
that is barely enough to pay taxes in harris co.
as far as "other retirement"
and 3 company buyouts, and their "sus" handling of 401ks,
and co stock that dropped like a rock, costing another $40-60% of the investment, well
It left me with nothing after 45 years of working my arse off in decent jobs. I almost broke even with my contribs, but the co's contribs were eaten in losses
I would have made more money buying unopened boxed hot wheels cars for 40 years.
and I admit some is my fault for not learning to stock trade, but how many other skills do you do to just survive?
so much for fiduciaries having "your interest" in mind
but, I guess I will work, and hope death takes me before I can't work
seriously, f'k this planet
This post was edited on 10/5/23 at 8:37 am
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News