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Message
re: Social Security Centenarians
Posted on 3/5/25 at 12:19 pm to La Place Mike
Posted on 3/5/25 at 12:19 pm to La Place Mike
quote:
I've run the social security investment calculator several times in various threads on this forum showing the average American would be much better off if their social security and Medicare payroll taxes (both theirs' and their employers match) were invested in a broad market mutual fund that could not be touched until age 64.
Very few people will invest their 6.2% and you have to consider what will be the sequence of returns for each Individual based on how they are invested. There is not a one size fits all solution
You're responding subjectively because you already admitted you work in the business of setting up a company's retirement benefits....lol.
If you left the payroll taxes in place where both employees and employers continue the same contribution, then take that money and invest it in a total market mutual fund with a 60/40 blend it would be much better than the current government run social security shite show.....hands down. Obviously the employee couldn't touch the money until they reach a defined retirement age.
1
Posted on 3/5/25 at 1:01 pm to Bass Tiger
quote:
If you left the payroll taxes in place where both employees and employers continue the same contribution, then take that money and invest it in a total market mutual fund with a 60/40 blend it would be much better than the current government run social security shite show.....hands down. Obviously the employee couldn't touch the money until they reach a defined retirement age.
I get what you are saying but it will never happen.
quote:
You're responding subjectively because you already admitted you work in the business of setting up a company's retirement benefits....lol.
I am not responding subjectively to your post. I am responding based on my experience. When not mandated people will not invest as much as you think they will. Some will not invest at all.
Posted on 3/5/25 at 1:17 pm to GeauxBurrow312
Politicians use it as a slush fund to buy votes from the dumb and lazy people
Posted on 3/5/25 at 1:29 pm to GeauxBurrow312
Nothing but lies and you know it what your saying does not make and sense it’s a computer glitch that needed to be corrected for eight million but Congress denied the funds . This is nothing out publicity on Musk part to get the juices flowing for the ignorant so he can get into your private information .
Posted on 3/6/25 at 6:16 am to GeauxBurrow312
Payroll tax is the same regardless. It’s 12.4% for Social Security and 2.9% for Medicare.
Only difference is self employed folks pay “both sides” as they are their own employer.
They get a deduction for half of the SE tax to equalize them to regular wage earners.
Only difference is self employed folks pay “both sides” as they are their own employer.
They get a deduction for half of the SE tax to equalize them to regular wage earners.
Posted on 3/6/25 at 6:18 am to notsince98
quote:
Media didn't debunk anything.
Correct. They misinterpreted what he said, as usual
Posted on 3/6/25 at 6:32 am to facelessman07
CNN fact checked Trump on this one. Just because there are millions on the rolls doesn’t mean they get checks. Supposedly the SSA cuts off checks for anyone over 115.
Can someone fact check CNN?
Or just conclude that CNN’s fact checker said that without evidence.
Can someone fact check CNN?
Or just conclude that CNN’s fact checker said that without evidence.
Posted on 3/6/25 at 6:40 am to Mr Cell Phone
quote:
so he can get into your private information .
This is a high level of retardation
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