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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would like to benefit from SS in a few years. I spent many years scraping by as a journalist, always paying into the system. Spouse and I are now pretty well set financially, but the thousands each month to which we will be entitled is not just chump change--it will pay for groceries, gas, home repairs, etc. It may even allow our investments to grow untouched, which is important because at least one of us will likely need assisted living.[/quote]

And you like everyone who has paid in should be entitled to what they earned for sS.  It's a program everyone pays into.  
Just because you manage to save for retirement doesn't change that. [/quote]

You paid in to support current retirees.  Future workers will pay in to support you as a retiree.

How many times does this need to be repeated.[/quote]

I get that.  But just because we were high earners and saved does not mean we shouldn't get our "SS support payout" for our retirement.  Fact is everyone is entitled to their SS even if they were a higher earner

[/quote]

Is anyone even suggestion that you wouldn't get SS at all if you have retirement to rely on? No.

The proposal is to cap payouts so that some people who technically earned higher benefits would forgo them to keep the program solvent. The number of people who actually paid enough into the system to get more than 50k/year or 100k/couple/year is very small. Most of the people on this thread complaining about it likely would not even qualify for more than that.

There is no proposal to eliminate SS for higher earners. Just to cap payouts. So that SS can continue to exist as a program at all. Would you rather no one gets SS at all?[/quote]

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