Bottom line: Will it be there for the millennials(under 40)? We all know the answer. No one will answer because they don’t have to. Kick the can.
Move the D.C. office to an underdeveloped downtown out west, even Hilo, Hawaii. Everything’s online so go for it. Plenty of them will resign rather than move. A good way to downsize government. Then there are the other departments-get it?
As a 59 year old, just a few years away from being eligible to hopefully get a fraction of my tax dollars back, I have this advice to millennials:
Max out your 401(k) plan with your employer and separately set up a Roth IRA and contribute the maximum - if you can.
Without major overhaul, Social Security will not be available for you. With luck, I might be able to collect on it a few years when I retire. But fortunately, I built up enough retirement savings to carry me through just in case. And if I have to spend a few years in my retirement being a Wal-Mart greeter or a UPS driver, so be it.
What our elected officials did with regard to raiding the Social Security system and essentially transforming it into a welfare program with "crazy checks" (SSI) and giving benefits to illegal immigrants is criminal.