For example, my parents both worked all their lives, teen years to after 65, and both died within a year and a half of retirement.
Their "pay-in" just evaporated into the system, rather than it being part of their estates.
Bush proposed a voluntary savings account (think 401k) alternative to SS. He got nailed, so he dropped the conversation.
Apparently no matter when in the month you die, the las paycheck for that month goes back or it did years ago.
I agree. Privatize for those 50 or 55 and under. They would benefit the most. Older people would stay under the current system. The younger ones would reap far more than they would under Soc. Sec.
In all honesty, I think social security is 100% horrible, and the example of your parents proves it. I’ve been against it all my life, but I’m collecting now and I’m not ashamed to say I hope they don’t mess with my check. I just hope I live long enough to get back the money they stole. I’m not changing my tune about SS - I would have done MUCH better if I’d been able to keep that money.
I agree the only real solution is privatization and voluntary phase out.
But there is nothing more stupid than a Republican politician uttering the words “entitlement reform”, thus handing the Democrats the political gift that keeps on giving.
Trump is 100% smart to completely sidestep the issue. If he can fix it later when he’s safely elected, that would be great.