The Coming Retirement Crisis

[Giraffe (He/Him)]

Originally Posted by Steve_R

Not taking it now. Not currently planning on taking it. Seems more than a bit hypocritical to take .gov money I don’t need just to pass it along to the kids when I'm gone.

To each his own of course but your logic here escapes me.

[Aerovette]

Originally Posted by Steve_R

Yes, I take legitimate tax deductions. As I said already I view SS the same as welfare, food stamps, etc. It’s a safety net to keep people from living under a bridge, not help well-off people live better or enlarge an estate to pass along.

Just how I was raised.

I see it as a tax refund.

[Giraffe (He/Him)]

Originally Posted by aerovette

I see it as a tax refund.

I see it in simpler terms; it’s my money.

[Steve_R]

Originally Posted by aerovette

I see it as a tax refund.

I get that. I’m not trying to convince anybody they’re right or wrong on this topic.

[snide]

Originally Posted by aerovette

I feel VERY entitled to what I paid in to it.

I also believe there should be a "lump some" option that can be willed.

Some what?

*sum
putz
STFU Porter

[markids77]

Originally Posted by Dan47

It’s worse than a Ponzi scheme because government has a legal monopoly on coercion. That don’t have to use confidence, they use force. Social Security is totalitarianism, aka communism, socialism, etc.

Enough’ s enough. A big portion of the boomers are hypocrites and for the record, I’m a boomer. They want their “entitlements”, they want the government to have the power to go and take it from other people, then some of them bitch about socialism.

Strange then that "Boomers" (if defined as people born post 1945) had nothing to do with the creation of the Social Security system in 1935 since they (we) were not even a gleam in our Daddy's eyes yet. How can our generation be vilified for being born into a system that was at least 10 years old when we were conceived?

[snide]

Originally Posted by markids77

Strange then that "Boomers" (if defined as people born post 1945) had nothing to do with the creation of the Social Security system in 1935 since they (we) were not even a gleam in our Daddy's eyes yet. How can our generation be vilified for being born into a system that was at least 10 years old when we were conceived?

One word: Reparations.

[sublime1996525]

Originally Posted by dwjz06

You know the strange thing about this part. I know of some, and have heard from others families of people that died before they could collect or just started it and kicked off. It seems like all of that money lost should have gone to the families in some way right? At least what they put in maybe? But to offer like $250 bucks for a funeral expense seems really lousy to me in those cases.

This just happened to my dad a couple months ago. He was 1 month away from retirement.

[dwjz06]

Originally Posted by sublime1996525

This just happened to my dad a couple months ago. He was 1 month away from retirement.

Sorry Franklin. It sucks all around.

[Dan47]

Originally Posted by markids77

Strange then that "Boomers" (if defined as people born post 1945) had nothing to do with the creation of the Social Security system in 1935 since they (we) were not even a gleam in our Daddy's eyes yet. How can our generation be vilified for being born into a system that was at least 10 years old when we were conceived?

Not my intention to vilify anyone. Simply pointing out the true nature of the program, the path it has placed our Republic on and how ignorant some folks appear to be in regards to that.