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re: Now Social Security could be depleted this decade
Posted on 4/23/20 at 10:25 am to aTmTexas Dillo
Posted on 4/23/20 at 10:25 am to aTmTexas Dillo
quote:Nah. They'll means test it first. Democrats have been dreaming of that for decades. More money to buy votes. They can tell the moochers "Look, we're taking from those greedy 'rich' people to help you".
They won't. They will raise the exempt number upwards and will raise the eligibility age.
And... it's a backdoor way to tax 401Ks. Raising taxes specifically on 401Ks is not politically pallatable. So instead they'll just cut your SS benefits if you have a fat 401K.
Posted on 4/23/20 at 10:29 am to Taxing Authority
quote:
They'll means test it first.
What about those of us who are retired and drawing benefits? I'd be means tested out but I get my mailbox money every month already. I took it as soon as I could.
I'd go with raising the taxable amount and raising the eligible age now that I'm getting my SS. I prefer to be grandfathered in to continuing benefits as I receive them now.
Signed,
Boomer
Posted on 4/23/20 at 10:33 am to Taxing Authority
An old timer here & am not embarrassed at all to finally be getting BACK my money that was taken out of my paychecks for 50 + yrs.What does piss me off is that Congress has its own, lots better, retirement program & those politicians could care less about both the mandatory payroll deductions & viability of SS in the future. They also have their own ,lots better, health plan.
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