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re: Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure
Posted on 9/5/21 at 4:30 pm to Auburn1968
Posted on 9/5/21 at 4:30 pm to Auburn1968
This isn’t new information. I’ve always assumed I’d never see a dime of money they took from my check to “save” for me. They will start with phasing out benefits for anyone with assets over “xyz” and it will eventually become another safety net for those who likely paid little into the system.
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Posted on 9/5/21 at 4:32 pm to Auburn1968
Yet, the Democrats continue to spend trillions that we don't have driving up inflation which will eventually drive up interests rates that the government will have to pay to service its debt. At this rate, I will be surprised if the "Trust Fun" can be sustained until 2034. 
Posted on 9/5/21 at 4:40 pm to Auburn1968
quote:
Social Security won’t be able to pay full benefits by 2034.
Hooray...I turn 64 in 2034.
Posted on 9/5/21 at 4:43 pm to Robin Masters
quote:
Great. About the time I’ll be eligible to get my money back. So I fricking pay in for 45 years and get squat.
frick this gay corrupt country.
If you put 7 or 15% of your income into a stock index every year, it would be more than enough to retire in comfort. The same amount going into SS, is like bailing a boat with a sieve.
If SS was a private pension plan, the managers would go to jail.
Posted on 9/5/21 at 4:48 pm to Robin Masters
quote:
Great. About the time I’ll be eligible to get my money back. So I fricking pay in for 45 years and get squat.
It wasn't for nothing. Boomers got to ride out retirement life in style on your dime. Doesn't that account for something?
Posted on 9/5/21 at 4:50 pm to Lawyered
quote:
Such garbage and all those pussy politicians don’t want to reform it at all
Trump included
Posted on 9/5/21 at 4:54 pm to Auburn1968
put back in the money they have taken out for whatever they used it for would be a start.
Posted on 9/5/21 at 4:56 pm to shutterspeed
quote:
Boomers got to ride out retirement life in style on your dime.
So boomers dont pay ss?
Posted on 9/5/21 at 4:59 pm to Auburn1968
Haha, they didn't put my pension fund's managers in jail... They kept their jobs and got fricking handsome raises.
Posted on 9/5/21 at 5:04 pm to dgnx6
Yes, boomers paid SS but they also got/are getting benefits in full. The point is that those behind them may not.
Posted on 9/5/21 at 5:06 pm to Auburn1968
I would love to opt out of this bullshite, they can keep the fricking money they have stolen from me
Posted on 9/5/21 at 5:24 pm to GurleyGirl
quote:
Yet, the Democrats continue to spend trillions that we don't have driving up inflation which will eventually drive up interests rates that the government will have to pay to service its debt
I loathe the Democrat Party as much as anyone on this board but on spending the GOP is probably 95% as bad as the Dems.
Posted on 9/5/21 at 6:06 pm to HonoraryCoonass
quote:
If need be, they’ll just borrow and print more money.
I am truly starting to believe its like one central banker said a year or so ago that the debt is just numbers on a computer screen. It can be deleted with a press of a button. This world has passed me by.
Posted on 9/5/21 at 6:14 pm to Auburn1968
Just print more money, that’s what we do for everything else.
Posted on 9/5/21 at 6:25 pm to Auburn1968
Good thing I plan to be dead by then.
Posted on 9/5/21 at 6:27 pm to Auburn1968
quote:
Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure on Congress to come up with a fix
The concept of “retirement security” being iffy is the one thing that makes me hopeful that they’ll keep their hands off Roth assets and not change too much the rules on current retirement plans. I mean, I’ll almost certainly be wrong. But there’s a glimmer of hope that they realize private citizens are better at their own financial security and won’t frick it up.
Posted on 9/5/21 at 6:27 pm to ragincajun03
Bet they make Roth’s taxable so they can get your money anyway.
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