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re: Social Security could end in 2035
Posted on 5/7/24 at 8:44 pm to Fat Bastard
Posted on 5/7/24 at 8:44 pm to Fat Bastard
quote:
had any of us been allowed to throw all the SS amounts we were taxed into a basic index growth fund wed all have a million in it. the fact this dumbass government does not know how to invest or to let people do it or allow it to be privatized is a travesty. idiots trust this dumbass government over their own skills. sad.
I cannot believed how many people still cannot grasp this^^^^. They claim they understand the compounding growth of their 401k but the absolute ripoff of SS and Medicare is too complex. You could restrict the taxes taken out for SS and Medicare to a very conservative portfolio (80% fixed income 20% growth) and no access until age 62, most people don't understand how much money they would have at retirement
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