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| foxnstocks |
 Posted: Thu Feb 10, 2005 1:00 pm Post subject: Social Security Overhaul? |
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Investing Sr. Associate
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| Well, it's sure not going to include Social Security! |
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| Imzadi |
| Posted: Thu Feb 10, 2005 10:33 pm Post subject: |
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Investing Associate
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| Yeah, my recent SS statement showed by the time I retire I can continue to live here & my rent would be paid every month. Now I'm worried I'll have half that. |
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| hhbcbear |
| Posted: Fri Feb 11, 2005 8:57 am Post subject: |
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Investing Associate
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| I am not counting on social security for when I retire because it will probably not be there. |
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| trixiezzz |
| Posted: Fri Feb 11, 2005 11:56 am Post subject: |
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Investing Manager
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| Timing is the drawback for me. I worked for 20 years and had major contributions. Then I stayed home with children for several years. This has lowered how much I'll draw, even though I've put in major money! |
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| trixiezzz |
| Posted: Fri Feb 11, 2005 11:58 am Post subject: |
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Investing Manager
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Going back to work for a number of years is the only way that SS will now help in any signifant way ~ but you're right, it's won't be  much of a factor in our retirement budget. |
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| Blueberry |
| Posted: Sun Feb 20, 2005 3:39 pm Post subject: |
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Investing Associate
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| We are in that group that is on the edge, those born just after 1950 and we are kinda on the fence what to do. My husband says we should take our money when they allow it and invest it ourselves, even for just a couple of years. |
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| trixiezzz |
| Posted: Mon Feb 21, 2005 4:43 pm Post subject: |
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Investing Manager
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| But I believe they are talking about only letting you invest a very few percent, with the rest staying in the SS sytem. |
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| jeepgirl30 |
| Posted: Wed Feb 23, 2005 6:44 am Post subject: |
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Investing Sr. Associate
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| I don't think SS is going to be there for me when I'm ready to retire. I just do not have faith anymore. I don't think it will be there in 10 years even. |
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| mrsboz |
| Posted: Wed Feb 23, 2005 4:09 pm Post subject: |
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Investing Sr. Associate
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| I definitely do not think that social security will be around when I retire. Scary thought. |
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| chop456 |
| Posted: Wed Feb 23, 2005 5:51 pm Post subject: |
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Investing Sr. Associate
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There seems to be so much talk about SS not being there when "we" are ready to retire. I think that many of us are just not relying on SS as a secure source of retirement income and continue to pay into other retirement options. Even if SS is around when I am ready to retire, I think the $$ I will receive will not be enough to cover my simple monthly expenses.
Is there a SS overhaul happening? I jusy do not pay attention to SS since I am not currently affected by it. |
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| jeepgirl30 |
| Posted: Fri Feb 25, 2005 6:17 am Post subject: |
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Investing Sr. Associate
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| The thing is, I am affected by it. They are taking money from me. If it isn't going to be there for me or be of any benefit why do I have to pay? |
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| wallace6 |
| Posted: Thu Mar 24, 2005 2:46 pm Post subject: Social Security Insolvent by 2041 |
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Investing Sr. Associate
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| Today the headlines in our local paper was on how Social Security will be insolvent by 2041. It helps me to realize one cannot count on it for retirement. We need to take care of ourselves and only consider Social Security as a "bonus" if there is any left when we retire. |
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| thrilla |
| Posted: Thu Mar 24, 2005 4:31 pm Post subject: Re: Social Security Insolvent by 2041 |
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Investing Sr. Associate
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| wallace6 wrote: | | Today the headlines in our local paper was on how Social Security will be insolvent by 2041. It helps me to realize one cannot count on it for retirement. We need to take care of ourselves and only consider Social Security as a "bonus" if there is any left when we retire. |
Here is the article on IRS insolvency by 2041. Social Security definitely will not be around when I retire, unless something drastic happens or there is another baby boom. I am not counting on the government being able to provide anything for me. |
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| noksagt |
| Posted: Fri Mar 25, 2005 1:32 pm Post subject: |
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Member of the Month! March
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I actually believe that, if left unchanged, there is currently enough in social security to pay at least 75% of current benefits for all of our lifetimes. Is it worth it? Well, I don't think SS was ever really MEANT to be a retirement program & it pays other benefits in addition to those to retirees.
As far as the President's plan on SS goes, debate on it inherently infuriates me, as it is SO politicized. I wish there were a moderate middle ground! |
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| thrilla |
| Posted: Fri Mar 25, 2005 7:23 pm Post subject: |
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Investing Sr. Associate
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| noksagt wrote: | I actually believe that, if left unchanged, there is currently enough in social security to pay at least 75% of current benefits for all of our lifetimes. Is it worth it? Well, I don't think SS was ever really MEANT to be a retirement program & it pays other benefits in addition to those to retirees.
As far as the President's plan on SS goes, debate on it inherently infuriates me, as it is SO politicized. I wish there were a moderate middle ground! |
What do you mean exactly when you say 75% of current benefits for all our lifetimes? I am not quite so clear on this point. The Social Security trustees say that the fund will be completely insolvent by 2041 if things remain unchanged. What makes you believe otherwise? Or am I misunderstanding your statement? |
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