Social Security today

[HaloMagic]

Soooooooo...you don't like it?

[arch stanton]

He's right about one thing. If you expect your cash to be worth anything in 20 years you're going to be very disappointed.

[2002_halos_II]

http://www.justfacts.com/socialsecurity.asp

[Vegas Halo Fan]

My issue isn't with the retirement benefit. It's with qualification for disability payments, and how many people pull it off for the thinnest of reasons. I personally know of two cases in which the individuals involved qualified for disability due to self-inflicted conditions - one who fried his brain through repeated street drug abuse, the other who killed too many brain cells with beer and bourbon. The first person I mentioned never worked a day in his adult life. He was 18 when he was granted disability.

 

I turn 65 in 2020. I hope that there is something still left, since I've been paying into this system for decades now.

[2002_halos_II]

You get the reduced benefit at 62.

[Tank]

He's right about one thing. If you expect your cash to be worth anything in 20 years you're going to be very disappointed.

Maybe so, but if its owed to me, I want it.

Not having it would be worse than getting it but its not worth as much.

[arch stanton]

The point of his rant was that all currency is going to be inflated to worthlessness, not just social security.

[HaloMagic]

I'm with Tank, still. Hopefully the money isn't worthless in the end but even if it is I still want it. A little bit of nothing is better that nothing of a little.

[IEAngelsfan]

I'm with Tank, still. Hopefully the money isn't worthless in the end but even if it is I still want it. A little bit of nothing is better that nothing of a little.

Both you and Tank are greedy suckers...........and I agree with the two of you.  I want mine!

[TennAngelsFan]

I know I'm dating myself but I took the reduced benefit at 62, then I became a part time employee for my wife.  Hey, I worked over 45 years most of it paying the employee and employer both parts.  My Dad worked over 40 years and never was able to collect a dime, so I wanted something back for my work.  It pays for perhaps my food and fuel.  The rest I spend on postage and envelopes.

[Tank]

Both you and Tank are greedy suckers...........and I agree with the two of you.  I want mine!

 

okay, but nobody else is allowed to claim any or the three of us will get less.

 

and ultimately, that's the most important thing in all of this.

[HaloMagic]

For the record, I'm okay with Tank getting less if it means I get more.

Sorry buddy. I'll buy you a steak and a Sprite with my increase.

[Angel Oracle]

Simply change the 3 target dates to further out, since we are working later in life.

Age 62.5 to age 65, age 66 to age 68.5, and age 70 to age 72.5. 

 

That will help some.

[Angel Oracle]

And Arch Stanton will be made a prophet by Printing Press Benny Bernanke, who will eventually cause 15-20% inflation to result sometime this decade.

[halobob]

Why have this system that people have to pay into?  Everyone should have their own SS account similar to a 401k that can't be withdrawn till they are 65.  I know how to invest my money better than the government.

[VariousCrap]

Simply change the 3 target dates to further out, since we are working later in life.

Age 62.5 to age 65, age 66 to age 68.5, and age 70 to age 72.5. 

 

That will help some.

 

 

 

 

I agree with this.  When SS was started, people did not live as long as they do today.  We need to push up the ages a bit.