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Started By
Message
re: Voters over 70 hate Trump the most
Posted on 4/23/25 at 7:58 am to TigersHuskers
Posted on 4/23/25 at 7:58 am to TigersHuskers
Old hippies
1
Posted on 4/23/25 at 8:15 am to TigersHuskers
Answer is the stock market.
Posted on 4/23/25 at 8:48 am to TigersHuskers
it is true. The nightly news has convinced them Trump and Musk are trying to destroy SS and medicare.
Posted on 4/23/25 at 8:53 am to TigersHuskers
All the old timers I know are locked on Fox News 24/7.
They love the Trumpinator!
They love the Trumpinator!
Posted on 4/23/25 at 8:58 am to Leopold
quote:
If your portfolio dips by 10% and you invested in it for 40 years then you just lost four years of income.
So, yeah, I'd be worried too.
If you saved properly & either read the stacks of financial literature available or hired a good advisor to do it for you then you'll be fine.
A 100% equities portfolio with a 3.25-3.5% annual withdrawal rate would not run out in any economy in the history of the Dow Jones, even during the Great Depression.
The only things to worry about are true black swan events like nuclear war or hyperinflation that would render the current global financial system useless.
Posted on 4/23/25 at 9:06 am to lowhound
quote:You're getting used, and marked to be abused.
Old hippies
Posted on 4/23/25 at 9:40 am to TigersHuskers
Because they exclusively watch mainstream network news and they're being lied to that Trump and Elon are coming for their social security checks.
Posted on 4/23/25 at 9:45 am to Bonkers119
quote:
Well he is trying to get rid of their social security, so this tracks.
No, he's not... you fricking lying douche bag libtard bitch. You're all liars. Exposing and weeding out fraud in the system, like millions of people on record supposedly over age 125 and receiving social security checks... Stopping those payments is not "trying to get rid of their (everyone else) social security." fricking nerds.
Posted on 4/23/25 at 9:49 am to FLTech
No DA. It’s because they are on a fixed income and relying on their 401k nest egg. Which happens to be going down the toilet right now. I’m sure they’re scared shitless right now watching the market take a nose dive!!
Posted on 4/23/25 at 10:29 am to TigersHuskers
Burp
This post was edited on 5/24/25 at 4:53 am
Posted on 4/23/25 at 10:30 am to LINOESC
I do not and have voted for Trump everytime he has run except his first primary. We do not have any friends who support the Dems. Is there any tracking by regions?
Not a freeloader, have paid into the system for 60+ years and still do now. So I paid for what I get.
Not a freeloader, have paid into the system for 60+ years and still do now. So I paid for what I get.
Posted on 4/23/25 at 10:33 am to Bonkers119
quote:
Well he is trying to get rid of their social security, so this tracks
Thanks for taking time out of watching XiNN and MiSleadNBC to post this useful content. We're all better off for it
Posted on 4/23/25 at 10:35 am to Jcpau
quote:
So I paid for what I get.
More likely you will receive more than you put in. Like the hyper majority of SS recipients.
quote:
Lower- and middle-income Americans who work every year from ages 22 to 65 will pay between $171,000 and $608,000 in payroll taxes for Medicare and Social Security, depending on their income bracket. And though they will receive more in Medicare and Social Security benefits than they paid for, Social Security is a bad deal for workers and their families because they could receive two- to three-times as much, on average, from saving and investing their own money, without adding to the debt burden for younger generations.
This post was edited on 4/23/25 at 10:36 am
Posted on 4/23/25 at 10:36 am to SWOK Sooner
Boomers we're a product of spoiled kids who's parents actually wanted to give them a better life than what they had growing up in the Great Depression and WWII days.
Posted on 4/23/25 at 10:47 am to beerJeep
Based on time value of money and being an employer who paid both sides of my ss and Medicare, I feel sure I paid more than received.
Posted on 4/23/25 at 11:25 am to Jcpau
I also have voted for Trump everytime and fully support him, but am hoping he gets the Tariffs and FED reserve issues squared away sooner than later. It is killing my 401k that I am relying on in retirement.
Posted on 4/24/25 at 2:20 pm to beerJeep
quote:Holy Mother of Crap Piles Batman!
More likely you will receive more than you put in. Like the hyper majority of SS recipients.
at least they added this:
quote:
though they will receive more in Medicare and Social Security benefits than they paid for, Social Security is a bad deal for workers and their families because they could receive two- to three-times as much, on average, from saving and investing their own money
Posted on 4/24/25 at 2:33 pm to FLTech
quote:
Boomers don’t like change. They are stuck in their ways and the reason they hate trump is because they are brainwashed from mainstream media that trump is going to take away their social security and Medicare
And us younger in generation know damn well that there probably won’t BE any social security or Medicare left for us, so we can’t be scared by such a threat.
The longer we take to dig ourselves out of this financial hole, the worse it will be for us and our children’s children, so let’s get on with it already.
Posted on 4/24/25 at 2:35 pm to Jcpau
quote:Perhaps. But the larger points are (1) those receipts should at least be registered in nominal dollars, (2) employer contributions should be included (as you've done), and (3) basic compounded ROI added to any comparison.
Based on time value of money and being an employer who paid both sides of my ss and Medicare, I feel sure I paid more than received.
Even at US Treasury rates run during a lifetime of work, SS lags. Meanwhile the concept of pre-50y/o's being tied to US Treasury underperformance is ridiculous.
The sole SS beneficiary is Uncle Sam, not the ripped off retirees regardless of generation.
Posted on 4/24/25 at 3:00 pm to Warfox
quote:My, my, my.
there probably won’t BE any social security
So naive.
SS allows the Feds to borrow money from you for your entire working career, money which you are forced by law to lend, and forced to lend at terms of return which the Feds themselves set.
It's analogous to you getting a payday loan with the following arrangement:
• You approach Payday
• You tell them the amount you intend to borrow per month for 45yrs.
• You inform them they are required by law to pay you.
• You'll use the funds for 45yrs at your leisure with no cost.
• You then assure them you'll start repaying the loan after 45yrs ... if they're still around to collect.
• Oh, the best part .... Any payments you eventually provide will be regarded as "benefits" for the Payday Loan Co.
Now let me ask, if by law you could avail yourself of that program to finance your lifestyle, and have the loan company thank you for the benefits when you paid them back, WOULD YOU EVER ALLOW THAT PROGRAM TO GO AWAY?
Not a chance in hell!
Neither will the government ever get rid of SS. Nor will the government allow it to become insolvent. At some point your government will approach with a savior proposal, raise your payroll tax, and demand you give thanks for the preservation of SS. That is the way it will go down. Bank it!
This post was edited on 4/24/25 at 3:51 pm
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