Reply to SAHM: what do you do to protect yourself financially?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No, because it's not a fairly set up benefit. It largely privileges wealthy women who don't need it. A fairer system would be to increase benefits to everyone who paid in and get rid of spousal payment entirely.[/quote]

Whose husbands likely paid the max rate into SS over a 40+ year career, not to mention being in a high tax bracket. We also give benefits to lots of people who don’t pay in, for example “disabled” people (not to be confused with actual disabled people.) We also pay for daycare, food and medical for my friend’s disabled child even though she does not work and her husband makes $1M/year.

Lots of benefits are unfair. Now, if we want to get rid of them all and lower taxes, by all means...[/quote]

By the time my husband and I retire, we will both have paid the max rate into SS over 40+ year careers.  Not just DH. We did not make the choice for me (or him) to stay home. If we had, I don’t think either of us would consider it unfair for us to bear the financial fall out from that decision - not everyone who contributes to the ss fund.  You can bring in other “unfair” parts of the tax and entitlement codes if you wish, but many of us are focused on this one that seems unfair (especially if the SAH parent is a luxury choice).

I agree that people have made life plans based on this benefit and it would be unfair to pull it.  But I think the rules should change for people who are 20 years old or younger (or born in 2020 or whatever arbitrary date seems reasonable).  Simultaneously, drop the cost of college somehow so people can actually afford to build a career. [/quote]

You can’t just focus on one unfair part and say none of the other unfair parts matter.

And we may be all SOL when it comes time to collect anyway. Which is why we are planning for retirement not needing it. But if SS is still going when I retire, you better believe I’ll collect every penny I can.[/quote]

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