In case Musk takes away social security, I've been doing some financial planning for my remaining parent.
The lack of social security will make things very tight. It really angers me that the money my parent made will likely be stolen by billionaires. |
Not worried at all because my parents are still alive.
Constant fear mongering is getting tiresome. |
Perhaps you need to spend time reading all the the executive orders and presidential memos. |
So you spend all your time doom scrolling and felt like adding to the confusion and anxiety? |
Looking around and seeing that the wind is blowing around you, is not fear mongering. Close your eyes, close your ears, close your mind? Is that what you are advocating You go to it. Meanwhile... |
This is a real possibility that's on the horizon . . . the kind you might want to plan for now in case it comes to fruition. |
They don’t read. |
+1 In Musk we Trust |
Link(s) please? I'd like to read about the likelihood of this happening. |
Nope. Not the least bit concerned. They have pensions and savings and never really relied on SS to begin with. The same for DH and I. We don’t include it in any financial planning. |
You can look at your media of choice. Just a warning. Some are a little more truthful than others. |
Well, la di da |
Well you asked. Sorry you didnt plan better. |
No. But my in laws have a $150k pension from the federal service they did for 3 decades under the old system. And if they lose that it would be devastating. |
Good point, the first article that comes up when you search Google is this one with a misleading headline. I says that Musk and DOGE are going to cut SS benefits. But reading the article they say that cuts to the agency staff could lead to delays in processing new requests but won't likely impact people already receiving payments. A slow down in approvals would not be good, taking a hatchet instead of a scalpel to these agencies is a terrible thing, but once again stop fear mongering, social security is not going away. https://www.msn.com/en-us/money/retirement/elon-musk-s-d-o-g-e-will-cancel-social-security-benefits/ar-AA1A3KdT |