Daddubo
New Member
Am I the only one, with a rural Michigan education from the 70's, that got the memo that social security should NOT be one's "retirement" program?" I could have swore there was a big push in the 80's (and continuing today) with 401(k) plans, etc where everyone was told to "plan for retirement." Now 30 years later people are saying that their sole retirement is SS? Hello? HELLO?! Did you pay attention to anything the last 30 years or were you all smoking the curtains? If you take all the payments for SS you put in and put in a reasonable rate of return tied to the applicable federal rate, then you should only be expecting a few hundred bucks a month... Enough for a can of SPAM or two every month... anything over that is a ponzi scheme... wake up America....
True SS shouldn't be relied on for retirement but the way the job market is today with decreasing pay and the way 401's and IRA's taking a hit every few years those aren't worth a crap either I finally took mine and put it in an annuity so I won't loose any more. If most just took their money and put it is a regular savings account they would have been money ahead unless of course your bank closed. The Feds don't like it when the people have too much money they are harder to control so I think they manipulate the markets so the public looses their money and Wall Street gets bailed out (with Republicans or Democrats). But it is easy to say don't rely on SS when you are making or have big bucks. I have a Union Pension coming and a Wife that is 10yrs younger so I will still have income and health care from her but that 2g's a month from SS would be nice to see in a few years it will help with the beer & boating. :grin: