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Reply to "High earners/savers: How do you feel about social security?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you means test social security, I'm going to stop saving and start spending. I'm not going to continue to sacrifice now to save so I can lose part of my retirement income while others live it up.[/quote] It's already means tested, just at higher levels. How is your spending all your savings now going to help? Do you mean you will start working less and earning less?[/quote] No, it's not means tested. PP meant that if you're going to penalize him for saving money by cutting his social security benefits, then he's going to spend through his savings now rather than have them be the reason his social security income is reduced.[/quote]
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