I'm 47 ....

#1
lawgator1

lawgator1

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#1
Am I in mid-career years such that I'm putting in all this money but I'm screwed on benefits? Talk about the short end of the Ponzi scheme stick!
 
#2
#2
lawgator1 said:
Am I in mid-career years such that I'm putting in all this money but I'm screwed on benefits? Talk about the short end of the Ponzi scheme stick!
Click to expand...

Social Security was a Ponzi Scheme from day one. Same for the fiat currency scheme.
 
#7
#7
Point is, someone is going to ask the GOPers touting this "current seniors and those in the pipeline will not be touched" line exactly what the cut off is? Is it 35? 40? 50?
 
#8
#8
lawgator1 said:
Point is, someone is going to ask the GOPers touting this "current seniors and those in the pipeline will not be touched" line exactly what the cut off is? Is it 35? 40? 50?
Click to expand...

i really think it should be 35 or 40. there is no excuse why someone who is under 40 doesn't have some type of ira or 401k. if anyone worked from 18 to say 60, they should have plenty of money to retire on.


law, you going to the game?
 
#9
#9
if you know way ahead of time that it's coming and still don't prepare then I have very little sympathy. SS is not a retirement fund and should go away and allow me to keep my money
 
#10
#10
joevol320 said:
i really think it should be 35 or 40. there is no excuse why someone who is under 40 doesn't have some type of ira or 401k. if anyone worked from 18 to say 60, they should have plenty of money to retire on.


law, you going to the game?
Click to expand...


Hey there, joe, good to see you. Seems like its been awhile.

I'll be watching the game from the cozy confines of the Bellagio sportsbook, Las Vegas, Nev. I am expecting a great game, very close, don't know who's gonna win.
 
#11
#11
This thread was started by a 47 year old that had to finance a Pilot. He probably IS worried about his retirement.
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#12
#12
utvolpj said:
if you know way ahead of time that it's coming and still don't prepare then I have very little sympathy. SS is not a retirement fund and should go away and allow me to keep my money
Click to expand...


That's the problem. If you are under, say, 40, the proposal seems to be that it is going to go away for you and they keep taking your money.
 
#16
#16
Crony Capitalism. He does represent polititions ya know.
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#17
#17
lawgator1 said:
That's the problem. If you are under, say, 40, the proposal seems to be that it is going to go away for you and they keep taking your money.
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you're the one that's a fan of gov't so what's the solution?

I'm willing to forfeit all the money I put in to get out now.
 
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#18
#18
utvolpj said:
you're the one that's a fan of gov't so what's the solution?

I'm willing to forfeit all the money I put in to get out now.
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I'd go a step further. I'm counting on no return from what I've paid in now and going forward. I would give up 25 percent of what I'm going to pay in going forward if I can keep the rest.
 
#19
#19
lawgator1 said:
Am I in mid-career years such that I'm putting in all this money but I'm screwed on benefits? Talk about the short end of the Ponzi scheme stick!
Click to expand...

Well if the state of Florida hadn't given the election to Bush in 2000. Gore would have had all you money put in "the lock box" and you would not be worried about it now. You can thank all your fellow gator fans for causing this mess....
 
#21
#21
lawgator1 said:
Point is, someone is going to ask the GOPers touting this "current seniors and those in the pipeline will not be touched" line exactly what the cut off is? Is it 35? 40? 50?
Click to expand...

Has to be decreasing amounts based on your time in the system such that 30 year olds are free from this Ponzi scheme by the time they retire.

The other alternative which is unfair but makes a quicker budget impact is to calculate the age at which a private account would equal what one would have drawn from SSI and make that the age.

EX: salary = $40K, SSI contribution = $6K, total contribution = $150K if begun at 40 working 25 more years with an avg rate of return of 5%. The ending account should be around $350K.

Avg retirement years s/b about 15. If no interest is accrued after retirement (which it would be), a person could draft $23K per year... just shy of $2,000 per month.

The current max SSI benefit is $674 for an individual or $1,011 for a couple. SSI Federal Payment Amounts​

Forty would be a pretty safe age to convert someone to an individual plan.
 
#23
#23
Funny that LG should complain about SS.

Every last flaw in this scheme can be laid at the feet of
the Democrat party, with one tiny exception, Eisenhower
signed one minor bill passed by a Democrat congress in
order to compromise with democrats over other legislation
he wanted and needed to be passed.

Orignially called 'Social Security Insurance' with collected
funds held seperately, it was changed to 'Social Security
Tax' and the funds redirected to the general fund and spent
thanks to the democrats.

Trying to shift blame to the republicans is the worst sort of
false fabrication.

Adding all sorts of people to draw from SS, other than retirees
who have paid all their working lives for expected and promised
returns is also a democrat iniative.
 
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#25
#25
kelley.jpg


bsideh.jpg
 
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