Well, I finally done it - Social Security, it ain't social, and it ain't security.

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trekrok

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If it truly is "our money that we paid into" then why not offer a cash out of the amount plus interest or even better yet you get a statement of account balance and you get to decide how much you want to withdraw each month when you reach 65. As well as when you pass away, the un used amount in the account gets passed onto your closest next of kin, IE wife, husband and children.

If it truly was our money.
That's not the way ponzi schemes work.
 

Snattlerake

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Government has seen to it that the worker ants are raped and violated from sunrise to sunset.
In the 80's when the IRA was adapted to all workers, I started investing in it and although it hurt, I put back $20 a paycheck. In 40 years, I was supposed to have around a million A few years after the IRA was born and people took to it like flies to a sht pile, the government changed the rules to nondeductible and It was no longer the best retirement plan ever seen. It was, again, another government BS entity in which you could not win.
 
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cmc tom

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Politicians always talk about Social Security running out of money but they won't run out of welfare money or free cell phones-and we as taxpayers worked for years and dutifully contributed to the program and now they say we're running short on money. Didn't LBJ "borrow" from the social Security fund in 1968 to fund Vietnam in 1982? Where there is smoke there is usually a fire-only in this case where there is money count on a politicians getting too close to the fund and maybe taking a little-like 2 trillion dollars.
Social Security is not enough for most people to live on, it is an addition to whatever one has saved or hopefully a retirement check from some company-but thsoe companies that offer retirement are few and far between. And yet, Biden as. senator voted to tax Social Security. How White of him!
I believe Johnson robbed the SS fund for his great society plan (welfare for all).
 

Timmy59

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In the 80's when the IRA was adapted to all workers, I started investing in it and although it hurt, I put back $20 a paycheck. In 40 years, I was supposed to have around a million A few years after the IRA was born and people took to it like flies to a sht pile, the government changed the rules to nondeductible and It was no longer the best retirement plan ever seen. It was, again, another government BS entity in which you could not win.
The best advice for a person earning a paycheck, is to pay yourself 1st. Rathole it, invest it just pay yourself 1st.
 

John6185

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The best advice for a person earning a paycheck, is to pay yourself 1st. Rathole it, invest it just pay yourself 1st.
I hear you but I'm suspicious of brokers, brokerages and basically anyone I entrust my money.
They are out to make money-that is their business. They might put one in a position where you lose money.
 

Raido Free America

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I was looking at the numbers the other day. Based on the last SS statement I received, if I wait until 65 to start drawing, instead of 62, it will take ten years to make up the difference for that three years of delayed income.

I don't know if I'll even make it to 65 much less 75. At 62 SS would be about equal to my current income so to me it would be a no brainer to draw it at that time.

If I get a better paying job before I'm 62 next year, then it would be better financially to keep working but I'm not sure it would be so beneficial otherwise.
WE have been retired for 20 years, left as early as we could, and havn't regretted it yet! WE had many things we wanted to do, and tripos we wnated to take, and we wanted to do these things while we were both physically able. Do YOUR OWN HOMEWORK, check everything out thoroughly, make sure you can afford to make this move, a then HAVE FUN!
 

TerryMiller

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Some drug addict gets to collect it as disability

Or a grossly overweight person. We made a trip to one of the SS offices once and of about 8 people in the waiting room, only two of us were of the age to draw retirement benefits. The other person came over to me and asked why those other people were there since they didn't look old enough. I told her that they were disability recipients and that some of them were probably also getting free medical care. I thought that last part because I overheard something to the effect of one of them asking to get a medical appointment.
 

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