|
sck5,
Actually the numbers are not off at all. You could make one minor correction and say that the money would need to be invested in a broad based market fund or one indexed to the Dow to eliminate the idea of speculation. and I did not get the impression that Rag's was advocating any type of early withdrawal.
Where you got the idea that SS got in trouble in the last seven years or that the government got in trouble over the last seven years is beyond me. The federal deficit is shrinking. Of course that could change-especially if we increase taxes.
If you're proposing relying on SS for retirement, you're already resigned to grandpa's and grandma's starving in the street. The system is broken and there isn't any more money. The country that you wouldn't want to live in has already spent the money. It's gone. It's good that you have been investing for retirement. Given the actuarial tables, you've got another thirty years to go, which is the good news. The bad news is, social security doesn't. If you think you're going to receive your "fair share", whatever that is, you should be prepared for a shockingly new definition of "fair".
The truly amazing thing is that you want to continue as we are? What about your heirs? Shouldn't they have a shot at a retirement system that is more than a pyramid scam? Why should we wait for things to get worse yet? Usually, when a debt counselor talks to an individual that is in the situation that the SS system is in, they advise them, "you're already in the hole, please stop digging."
|