[gafusa]

I do not really care. I am young enough social security will have long collapsed by the time I retire.

[JayNorth]

I do not really care. I am young enough social security will have long collapsed by the time I retire.

It has nothing to do with retirement. It has to do with Congress spending trillions more than income. That can only result in higher taxes down the road, and that will affect you, retired or not.

[Diana in Wisconsin]

"I do not really care. I am young enough social security will have long collapsed by the time I retire."

Good for you! What percentage of your income are you currently putting into your 401K or your IRA? 10%? 20% 25%? (Save half of your money starting tomorrow if you're smart.)

You do realize that those coming up behind you, such as your younger siblings and future children, WILL be paying for YOU one way or another; through payroll taxes or some other new program that the socialists use to bilk money out of future Generations, right? ;)

[isom35]

same here. by the time I reach that age, I suspect our lives will be like the movie "The Road Warrior"

[philetus]

I do not really care. I am young enough social security will have long collapsed by the time I retire."

Ah, but I'm sure the politicians will find something to steal that will affect you.

Just keep letting them know that if it's not about you, it's not your problem.

[Rembrandt]

"I do not really care. I am young enough social security will have long collapsed by the time I retire."


That was always my attitude also as the years grew. I'm 59 now and still expect SS to go south. Luckily, I worked for a really good company for 30 years and don't need the SS money anyway. Don't change your thinking. If SS gives you $$, consider it a gift.

[Wolverine]

I do not really care. I am young enough social security will have long collapsed by the time I retire.

If you owned your contribution...under President Bush plan:

Get Smart		Don't Get Screwed
Personal Accounts		Security Net
(New Social Security)		(Old Social Security)

 

$30/hr

100% Privatized The "New Social Security"

New Social Security ALL 12.4% Payroll Tax Privatized							Mid-Range
Old Social Security Scrapped for 22 year olds							Salary
Hourly wage							$30/Hour
Weekly wage (40 Hours)							$           1,200
Monthly wages (52 weeks/12 months)							$           5,200
Yearly Wage							$         62,400
Less; Wages in excess of $90,000 cap
Wages subject to Social Security							$         62,400
Social Security Taxes paid
By employee		6.20%					$           3,869
By employer		6.20%					$           3,869
Total Social Security Taxes							$           7,738
Taxes Paid ( 22 to 67 Years of age) 45 yrs							$       348,192
Compound Interest (or growth) at 6%							$    1,438,754
	Total "Nest Egg" at 67						$    1,786,946
1. If you die at 67, nest egg willed to family
	New Social Security						$    1,786,946
	Old Social Security						$                 -
		Advantage-The New Social Security					$    1,786,946
2. Monthly Check if you live off 6% interest
	New Social Security						$           8,935
	Old Social Security pays (1)						$           1,786
		Advantage-The New Social Security					$           7,149
Amount that can still be willed at death							$    1,786,946

Check Out Other Comparisons Here

 

http://www.thenewsocialsecurity.com/6.75.html

http://www.thenewsocialsecurity.com/30.html

http://www.thenewsocialsecurity.com/75.html

I do not really care. I am young enough social security will have long collapsed by the time I retire.

[TheLion]

"I do not really care. I am young enough social security will have long collapsed by the time I retire."

They will probably be taxing the hell out of you to keep it afloat. Anyway, try to save 20% of what you make every year and you will do just fine.

[kstewskis]

I do not really care. I am young enough social security will have long collapsed by the time I retire.

You should care, because these nimrods are extorting the money from your paycheck that you will never see.

All at the "whim" of a simple vote.

And that's not including what they already take out in Fed. taxes.

[null and void]

I do not really care. I am young enough social security will have long collapsed by the time I retire.

Well sonny boy, that's where you are wrong. You will get back every penny you put into Social Security. Every penny.

Of course a Micky D's cheeseburger will cost $10,000, but you will get back every penny, 100¢ on the dollar...

[cpprfld]

I do not really care. I am young enough social security will have long collapsed by the time I retire.

That is if you can retire, because the politicians will just raise taxes inorder to pay for social security and the bloated federal debt.