Beaumont, it matters to your family. They don't get back any of the money you paid and couldn't invest/use for them. You made less your whole life so you could have something later--you die at 65 and I live to 95 and my family and I get mine and yours, and your family gets nothing.
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"If you die 1 day before collecting SS, too bad so sad." Your Dead so what matters! Unless you are coming back.
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I plan on taking my SS as soon as I possibly can. It will be a reduced amount, but I'm not going to play the roulette wheel game with the feds and end up croaking before I get any of my money back.
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All this back and forth over averages and percentages and investment details. The gov't needs that information so they can see how the money might pan out (over an average whatever), but for an individual that all means nothing. If you die 1 day before collecting SS, too bad so sad. At least if you could invest that money all your life, the windfall or losses is all on you; and your family gets any that's left....unless of course the death tax hits it...LOL
"since the government is taking over healthcare, to a point, we can expect people to start dying off early again, so I think SS is safe. "
Laf! Good one.
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The government does nothing better than the private sector except extortion ladybug. You can't even make half a legitimate argument otherwise. The government only exists because of the private sector in the first place. But you talk about greed and corruption on the private sector LOL...not even worthy of an argument if you're that far gone.
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Rpmwwe I agree with you 100% I don't have a problem either with people that are truly not able to work do to an injury or a health problem that they have no control over. What is even more disgusting is the ads the government runs to encourage people to sign up for these programs. I guess they are trying to make sure they have government jobs to administer all these programs.
Something not related to this,
Japanese firms exc, admit to price fixing on auto parts.
Will pay $740 million fine, One of the companies was in Ohio.
Seems no one cares .Everyone from the top on down anymore looking for a free ride
With each election process you think you can change it.
Like Kozy said.The countries in a free fall mode.
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rpmwwe : I know some of those people to. Believe me it just p----- me off,
Trouble is it keeps getting eworse,
They think they deserve it
I believe it was some dum Dem. Pres. who moved the SS from a trust fund into part of the budget or spending process ?
Just to be clear about my previous statement, the people I was referring to are the ones that can work if they wanted to. I also know of people that truly are disabled through no fault of their own and collect benefits. I have no problem with that.
Also, sorry about the extra "the people". That was a typo.
What about the people the people that have never paid a penny into Social Security but have been collecting well before they should even start? I personally know of a few people just in the Salem area that have a "disability" and can't work. They get paid to wander around town with nothing to do.
Also, the long-time hardcore drug users are collecting it as well. Twenty plus years of crack, meth, etc. damages the brain and leads to mental problems. With those kinds of problems one can start collecting. The kicker is that money is then used to buy more drugs so, ultimately, a portion of our diminishing funds is getting funneled into the coffers of the Mexican cartels.
Ladybug I understand your concern about Washington handling things properly. That is one reason this health care situation is so scary. As far as social security goes I would have preferred to have had total control of my money but I understand that not everyone can handle that. They need someone to force them to do it. I think a good compromise (even though I am not real crazy about this) would be to require the money to be placed into safe private funds completely owned by the employee but requiring they be earmarked for retirement only and could not be gotten into except by the beneficiary on the funds, if the employee died.
Concerned I realize there's many ways to invest ones money. Do you feel these idiots in Washington could actually come up with a plan where an individual could invest part of their FICA payments to some sort of private fund
And when they do and people screw it up and have nothing at retirement age. Then what ?
More gov, hand outs.
Lets improve and make solid what we have ,If people have extra they invest that,
Ladybug there are many different kinds of annuities. Sounds like you have a variable annuity based on mutual funds, but all annuities are not that way, some are fixed annuities with guaranteed returns. Less potential return but more secure. My philosophy has always been only speculate with money you can afford to lose. Insurance companies invest in many things from real estate to government bonds. Fact still remains if someone lived to age 65 in 1900 they could expect to live 12 more years in 2000 those that live to 65 can expect to live 16 years. Yes there are more people living to age 65 but their live expectancy at 65 has not increased that much. The only thing I know for sure is man is only going to live until the day appointed by the Good Lord.
Yea I see how well the private sector has done somethings.
The people over the past several yrs. who have lost everything do to mismanagement greed,fraud and cover up
Yeah ladybug, I do. The Walton's.
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It's not an entitlement, because like concerned said, how can you be "entitled" to get your own money back? It's definitely a Ponzi scheme, the worlds largest. It's just one example on a list of many things that the government can't do better than the private sector and shouldn't do at all...and honestly, isn't Constitutionally permitted to do.
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Wal-Mart is a good example.
The waltons are worth billions each.
The avg worker make$18000/yr and lives off gov, welfare benefits to make up the difference,
Anybody now who pays taxes to cover those benefits ?
We have been on free fall for yrs Kozy.
What about those poor people on SS ?
What about the people who trying to live on low wage jobs who won't have a SS fund worth a hoot ?Hate me or not .The rich keep getting richer,while more people and families fall in poverty
And where do you thing insurance companies make their money.
I have an annuity concerned.
And most of is invested someway in the market.
You have many choices. Depending on you what your money invested
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