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Reply to "Working well into your 70s because you can’t afford to retire. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have been assuming that SS will be means tested or otherwise not available by the time I retire.[/quote] There's an easy fix: Eliminate or raise the $127,200 cap on SS contributions, and implement means testing, since folks like Warren Buffett do not need SS. Those two things alone would make SS solvent for the next couple of generations. [/quote] They should definitely raise the SS contribution cap. We are done with that by March. It's ridiculous. I wouldn't want to means test. These programs work best when there is skin in the game for everyone.[/quote] disagree cap helps families like ours to pocket more in retirement savings. We're young and most likely won't see any SS payments when we retire, so I'd rather have enough in 401k[/quote]
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