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re: Now Social Security could be depleted this decade
Posted on 4/23/20 at 10:38 am to Taxing Authority
Posted on 4/23/20 at 10:38 am to Taxing Authority
quote:
I did the math in my early 30s and realized I'd already paid in more than I'd ever get out at even horrible ROI.
I've started a little experiment where in retirement I invest my SS into the stock market. It's a continuation of the way I invested through my working life. I figure if I'm lucky I will live about 25 years. And the plan is to grow my SS pot with the market. Kind of a bit like what GW Bush wanted us to consider years ago. Now I've taken a hit from the market downturn but my current dollar cost average investing is buying stock at really low prices. If I don't need the money for long term care when I get senile, I may give it to charity in the end.
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