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To: cynwoody
That is what I said, we had a 401K that became his IRA. If he had been able to take the same amount as he had to pay in SS, he would have had a lot more retirement that the 300,000 he got from his savings over the 35 years he worked.

But he personally collected none of the SS as he died at 51. SS taxes paid would have been in his name if done properly with the investment he choose to make.

The government put all the FICA in the general fund and spent it mostly on the Johnson War on Poverty and poverty won that war with the citizens money and they paid not one red cent for what the government handed them.

It was income re-distribution long before Obama was talking about it....take from the producer to give to the none producer... A lot of people that complain about SS never take into consideration that people like me (72) are still paying to put your kids through school, even tho 5 of my grandchildren went to private school and still had to pay for other peoples education to learn how to put a condom on a banana....My sister at 80 still pays school taxes....for your kids...Is that giving you welfare for your kids education?

40 posted on 10/07/2011 12:21:35 AM PDT by goat granny
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To: goat granny
"But he personally collected none of the SS as he died at 51. SS taxes paid would have been in his name if done properly with the investment he choose to make."

Are you not eligible for benefits from his SS???

But the system needed to replace SS has already been designed and field-tested.......in Chile, and it works.

43 posted on 10/07/2011 4:58:18 AM PDT by Wonder Warthog
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