Reply to High earners/savers: How do you feel about social security?

Forum Index » Money and Finances

Reply to "High earners/savers: How do you feel about social security?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]We’d be better off forcing people to save more of their income every year for retirement and then have it be their own money to use (and rely on). Like they do in Australia for example - I think they tax people around 10% as a forced retirement savings plan (superannuation).

This system we have where people are taxed but they don’t actually call it a tax and yet we can’t actually rely on the money is ridiculous.[/quote]

Yes it is!  And beyond ridiculous that the govt likes to "borrow" from it and not keep it solvent.  Now I get that part of issue is it also is used for children who had a parent die, disabled kids and adults, and spouses who SAHP and now get benefits because their spouse worked.  But Keep a portion for that (a tax for social programs) and let the rest be forced investing, but give me good options for investing it....and by that I mean Vanguard/TrowePrice 10 MF investment choices (including SP500, Total Stock market fund)---low cost funds )
[/quote]

I don’t think the borrowing part is the problem. The SS money is being held in government bonds, which doesn’t have any impact on its solvency. But I suppose the law could be rewritten to eliminate that. It would be a pointless gesture. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics