Posted on 05/12/2015 9:06:03 AM PDT by Kaslin
Yet that would only be a drop in the bucket.
Sure, but I think that to solve the problem by only raising the age, we’d have to raise to a ridiculous amount.
They are going to have to.
You can not work for 30 years, and retire for the same. It doesn’t work that way, and never has.
I used to be in favor of privatization, till I had a conversation with a man who used to manage a pension fund for a major heavy equipment maker.
He told me that a team of highly educated and skilled traders couldn’t find a way to pay for a typical workman’s retirement, why would you expect that same workman to do it by himself? Simply put, a 401K doesn’t change the end game if you out live your money. Most will if they retire in their 60’s.
Besides a lower benefit level, there are tax consequences of “grabbing it at 62” if you’re still working. Not a good plan unless you have enough retirement savings to actually retire at 62. I expect to work until I’m in my late 60’s (if not early 70’s) and plan to “grab it” at 66 1/2.
Did ‘zackly that...wanted to get in the system while there still was one.
So do we start withdrawing as soon as we are able at 62, or try to save it by not withdrawing funds till 67 or 70? I have been paying into it for 46 years, should I start withdrawing as soon as I can, which would be this year for me?
Would some call me selfish since I am still working?
You can draw social security when you are 65 and you can work, but don’t be surprised if your taxes go up when you make more than you should
Isn't this what President Bush 43 wanted? He was slammed by the left and by some in here too
Only if he’s able to, which I doubt. Someone however who sits in an office all day twiddling his thumbs all day no doubt will be able to work until 70 and beyond
No need for that. You can do it all online.
Yes, it’s the third rail. It can be done.
Bottom line, you can’t promise anything unrealistic, like paying someone returns that are impossible.
In additiond to setting up “target funds” investing we can also diversify with other protected strategies.
It can be done, but there is no will until it blows up. Typical government, reaction based rather that proactive.
Do you mean S.S.D.I. or S.S.I.? Big difference.
I was thinking of the ‘Disability’ insurance program. I believe that has been abused in so many different ways.
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