but whatever.....
we are volunteers and we know lots of people our age who volunteer, so I have the expectation that that will be a huge part of our retirement if we ever get there.....
we will not get civil servant type benefits, we already pay huge SS taxes and Medicare and Property and gasoline and every other tax imagined AND income taxes.....
so we pay, we volunteer, we help our kids pretty generously IMO....paying college costs and a wedding and getting first cars, etc....
what the H do people want from us....
you better believe we will take whatever SS benefit there is....we deserve it.
I'll never get that chance to spoil my kids like baby boomers, I'll be paying for you instead of my kids.
what the H do people want from us....
It's not my fault your husband sank the nest egg into the company he worked for instead of diversifying it. Why should I have to pay for it? I've been laid off 4 times. It's a different world now.....
you better believe we will take whatever SS benefit there is....we deserve it.
There it is, the entitlement mentality: "We deserve it." No, you deserve to suffer for being improvident dopes.
completely agree. It's only been in the last twenty years or so that common people have been able to take advantage of tsps and iras. Today's younger generations have at their command the ability to make a lot more retirement money for themselves through the markets. But even so my wife and I are also trying to make as much money through our tsps as we can before retirement. And we are doing alright. Why people are blaming boomers for today's and tomorrow's ss crisis is beyond me. We didn't create the ss system, but a boomer (President Bush) did try to solve it. But the fact is the younger generation will be a lot better off if they invest now in the iras and the other plans like it.
we deserve it.
That’s the problem. You didn’t plan for retirement. If it was YOUR money I’d agree but since it is MY money you feel you deserve, I hope the boomers die very early and very often. Not because I hate them but because I don’t want to see them complete the destruction of America in a generation.
They gave us the sexual revolution which evolved into the AIDS crisis and teen pregnancy epidemics, mainstreamed Marxism, narcicism unrivaled throughout history, single mother homes, the drug problem and the statist policies to follow, postmodern relativism, Political Correctness, economic ignorance, outsourcing, and to top it all off they’ll bankrupt the country so that they can sail off into the sunset to enjoy the leisure years at my expense.
Nah I’m just kidding, I didn’t mean it.
“what the H do people want from us....
you better believe we will take whatever SS benefit there is....we deserve it.”
We want the same thing you want. Free stuff back from our outrageous taxes.
However, most X’ers are quite clear on the fact that not only are we not going to ever see a dime of the social security taxes you’re soaking out of us, to think because the government has told us we’re to receive something means we *deserve* it is innane.
You guys amaze me. We’re in the exact same position you are, but you *deserve* our money. Fantastic.
I feel you pain. But that doesn't address the issue. Your feeling of entitlment, however valid, does not mean there is money there to give you in the future.
In my opinion, what anyone deserves from Social Security is: their investment in it + compounded interest at the prevailing rates over the lifetime of the investment.
A just solution would be to calculate this for every person in the USA (who has not retired) and give it to them as either a bulk sum, or allow them to purchase an annuity with it. Of course those who have worked only the minimum (and there are lots of oldster scammers out there who spent 30 years dodging taxes doing off-the-books work who go work the 20 quarters at the end of their life to get the minimum SSI benefit who would get far, far less under this plan. Not to mention all the 'disabled' people who put nothing in and take tons out)... this plan ends SSI as a goodies bag for all these people.