“If you depend on SS for anything other than bubble-gum money, then I pity you.”
No need to personalize the discussion, freedumber, because I don’t (depend on it). The fool you need to pity is you. Let’s get back to YOUR worry, the worry you expressed about your 401k. That is what you should worry about, because it is a government creature as much as SS, and it will crash with the markets. After all, any bond, note, security, whatever is nothing but a promise to pay and when markets collapse, so will your prized 401k, and it isn’t backed up by the power to tax. You are just too stupid to realize that you may be grateful for the SS retirement benefits you paid into for a whole 30 years, and which you will probably be paying into for another 20 years, at which time you will collect them, and then be glad you did pay into the system.
>>No need to personalize the discussion, freedumber, because I don’t (depend on it). The fool you need to pity is you. <<
Apparently you do depend on it. You are the fool to pity (see below).
>>Let’s get back to YOUR worry, the worry you expressed about your 401k. That is what you should worry about, because it is a government creature as much as SS, and it will crash with the markets. After all, any bond, note, security, whatever is nothing but a promise to pay and when markets collapse, so will your prized 401k, and it isn’t backed up by the power to tax. <<
I gather you don’t have a 401(k) and are hoping that SS will support you in your dotage. And do you think my 401(k) is my only retirement investment? It is a hedge at best. Its value may fluctuate, but in the long haul I am OK with my portfolio. Taxing it will just piss me off, it won’t break me. And if SS disappears tomorrow, it won’t mean anything to the markets because it doesn’t have any capital base nor investment (such as CalPers) to affect the markets. It might freak the bond markets out for a few months, then all will settle back into equilibrium.
>>You are just too stupid to realize that you may be grateful for the SS retirement benefits you paid into for a whole 30 years, and which you will probably be paying into for another 20 years, at which time you will collect them, and then be glad you did pay into the system.<<
Reading is FUNdamental SS is ZERO in my retirement planning. If it is there, I will use it for leisure and what have you. Hats, vacations, maybe a nicer car, that is what SS will do for me.
You sound like quite the little New Deal supporter. Are you on the right board?