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Message
re: Do you believe in Social Security choice?
Posted on 7/7/14 at 3:38 pm to SpidermanTUba
Posted on 7/7/14 at 3:38 pm to SpidermanTUba
quote:
You're proposing that we replace an insurance program with a savings program.
Insurance
Social Security is barely enough to live on
Right now its about $1100 a month for a retired person. That's not much to live on. So you are screwed if you didn't save anything before hand.
2
Posted on 7/7/14 at 4:30 pm to goldennugget
quote:
Social Security is barely enough to live on
Insurance isn't supposed to make you rich.
quote:
Right now its about $1100 a month for a retired person.
A lot of people live on $1100 a month.
quote:
That's not much to live on.
Then save more. What do you want, a guaranteed mansion in retirement?
quote:
So you are screwed if you didn't save anything before hand.
Not really. For a married couple, 2 X $1100 = $2200 a month. Plenty of people live on that.
If you want SS to pay more it will have to take more.
This post was edited on 7/7/14 at 4:31 pm
Posted on 7/7/14 at 4:37 pm to goldennugget
quote:Depends on much you paid in and for how long.
Right now its about $1100 a month for a retired person.
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