I'm 37 and I get the impression I am already too old for whatever happens. They've been squawking about this since at least 92 with Perot and all that, but nothing gets done. I believe GW wants to get something done, but I also believe he'll sign absolutely any kind of soc security reform that crosses his desk. And I believe I'll be left out in the cold with the crappy old system.
http://www.freerepublic.com/focus/f-news/1334438/posts
http://nationalreview.com/comment/moran200502020755.asp
http://www.freerepublic.com/focus/f-news/1334438/posts
http://nationalreview.com/comment/moran200502020755.asp
At 37 you've got plenty of time to get yourself set, unless you've managed to dig a really deep hole already and life has burdened you with maxed out responsibilities. Even then, you could do it. Forget SS, it might or might not be there so behave as if it won't and drink to your good fortune if it is. Pay off all credit card debt before you go to the movies and the diner again. Own your car and take car of it. Negotiate the lowest rate on your home if you have one. Then start buying investment real estate. You have thirty years to acquire four to six small properties and have them paid for through debt that services itself. Even if you only manage to get four you'll have @ $50k/yr income (in today's dollars). Assuming you have paid off your own residence you should be ok. If you manage to secure six you'll see @ $72k/yr. It's not that hard to do. You just have to be committed to your own welfare.