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Reply to "My 60 year old dad is "going to retire on social security""
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[quote=Anonymous][b][quote=Anonymous]The fact that he has no savings or retirement and he's announced he's retiring at 62 when his social security will be lower says a lot. OP, you have to be tough and keep saying "no." He will do whatever he can to wear you down. Don't fall for it.[/quote][/b] You do know that social security could be stopped by Congress at any time at its choosing? There is no fund of money out there allocated for your dad. Congress has been borrowing against it forever. The idea that you actually have this allowance is false. Remember in House of Cards, the Democrats took the social security away from the seniors and redistributed to the younger workers. Republicans have been predicting that there will be NO social security in a few years. We are not counting on it. And the amount your dad will be receiving = should he receive it - will be shockingly small.[/quote]
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