View Poll Results: Your Identity and For/Against this SS Reform model

Voters
91. You may not vote on this poll
  • Socialist and Against

    10 10.99%
  • Socialist and For

    1 1.10%
  • Democrat and Against

    21 23.08%
  • Democrat and For

    6 6.59%
  • Republican and Against

    2 2.20%
  • Republican and For

    22 24.18%
  • Libertarian and Against

    9 9.89%
  • Liberarian and For

    9 9.89%
  • I am for it, but with a particular modification (explain)

    11 12.09%
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Thread: Social Security Fix

  1. #71
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    Re: Social Security Fix

    SS was started as a pay as you go program, but it collected more money than it needed. (Dittohead Not! was not clear enough about this.) So we spent it (like we did with airport taxes etc.). Yes, itís not bankrupt especially if the money was paid back. And in the beginning it was more than a retirement program as it is now. Since it is a pay as you go program, cpwillís calculations are incorrect; the money is not invested, rather paid in and out at the same time; although we did get ahead.
    And it should get back to a pay as you go model with a few years of funds ahead, but not to spend on reducing taxes. For retirement SS should be just enough to survive on. So lots of people donít end up begging on the street. For a comfortable retirement one would need to save and possibly invest more.
    BTY we are retired, me at 55 my wife at 59, and SS makes up a moderate portion of our cash flow. Iím a true design engineer, trained to look for what works; therefore, no real political affiliation. It was fine with me to participate in the pay as we go for a portion of my cash flow and for the other programs.

  2. #72
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    Re: Social Security Fix

    There is a portion of the population that doesn't know how to save, plan etc. I have tried to explain it to them and they are hopeless. Most businesses love them. Hand to mouth and they buy their coffee at Starbuck; they just have to, doesn't everyone? These people will be the people begging on the streets when they canít work. And they canít retire early because they will not have enough money to buy their coffee at Starbucks. Theyíll retire only when they canít work. And, they tend to die early. To keep them off the streets we have a social program, SS. Itís such a small part of smart peoples financial planning, who in this thread is having the SS taxes with its low investment returns impact their retirement?

  3. #73
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    Re: Social Security Fix

    Quote Originally Posted by OhIsee.Then View Post
    There is a portion of the population that doesn't know how to save, plan etc. I have tried to explain it to them and they are hopeless. Most businesses love them. Hand to mouth and they buy their coffee at Starbuck; they just have to, doesn't everyone? These people will be the people begging on the streets when they can’t work. And they can’t retire early because they will not have enough money to buy their coffee at Starbucks. They’ll retire only when they can’t work. And, they tend to die early. To keep them off the streets we have a social program, SS. It’s such a small part of smart peoples financial planning, who in this thread is having the SS taxes with its low investment returns impact their retirement?
    I get my coffee at starbucks
    Give a man a fish, or he will destroy the only existing vial of antidote.

  4. #74
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    Re: Social Security Fix

    Quote Originally Posted by iamitter View Post
    I get my coffee at starbucks
    Yes, iamitter, Iím sure you look good with the Starbucks cup! Pray tell, what is your net worth, Iím sure youíll have a grand retirement?

    And, my wife just reminded of another SS advantage. Our older relatives (grasshoppers) have their SS checks coming in. If they didnít they would need everything from us. Now we just rescue them with some occasional money and some labor. This keeps them from having to plan with them and having them know how much we have. It is hell doing financial planning with grasshoppers.

  5. #75
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    Re: Social Security Fix

    Quote Originally Posted by OhIsee.Then View Post
    Yes, iamitter, I’m sure you look good with the Starbucks cup! Pray tell, what is your net worth, I’m sure you’ll have a grand retirement?

    And, my wife just reminded of another SS advantage. Our older relatives (grasshoppers) have their SS checks coming in. If they didn’t they would need everything from us. Now we just rescue them with some occasional money and some labor. This keeps them from having to plan with them and having them know how much we have. It is hell doing financial planning with grasshoppers.
    It's just under 2 million, but I'm only 31. Consultants start off with pretty crappy salaries, but I make nearly half (gross) my net worth every year now.
    Give a man a fish, or he will destroy the only existing vial of antidote.

  6. #76
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    Re: Social Security Fix

    OhIsee, what type of engineering did you do? I studied applied math in an engineering school, never envied the engineers, lol.
    Give a man a fish, or he will destroy the only existing vial of antidote.

  7. #77
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    Re: Social Security Fix

    Quote Originally Posted by iamitter View Post
    It's just under 2 million, but I'm only 31. Consultants start off with pretty crappy salaries, but I make nearly half (gross) my net worth every year now.
    Yes, like us. And not concerened about your SS taxes too. At least you shouldn't be.

  8. #78
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    Re: Social Security Fix

    Quote Originally Posted by iamitter View Post
    OhIsee, what type of engineering did you do? I studied applied math in an engineering school, never envied the engineers, lol.
    I designed computers, hardware. ‘Retired’ as a systems architect which most don’t understand the function of. My wife was a software engineer.

  9. #79
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    Re: Social Security Fix

    Quote Originally Posted by OhIsee.Then View Post
    Yes, like us. And not concerened about your SS taxes too. At least you shouldn't be.
    I'm not worried about SS, but I'd rather donate the money myself to a cause I support rather than popping the cap on SS. I already donate a good 1/4 of my salary each year to different nonprofits.
    Give a man a fish, or he will destroy the only existing vial of antidote.

  10. #80
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    Re: Social Security Fix

    Quote Originally Posted by OhIsee.Then View Post
    I designed computers, hardware. ‘Retired’ as a systems architect which most don’t understand the function of. My wife was a software engineer.
    Interesting, sounds like a cool job to do. I looked it up, certainly not something I could do, haha.
    Give a man a fish, or he will destroy the only existing vial of antidote.

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