Quote:
Originally Posted by Schneed10
Retire earlier without a social security program in place? I guess you're assuming instead of paying those taxes, you'd sock the money away in retirement funds allowing you to earn a better rate of return than you'd get by paying into social security?
Firstdown, you really need to explain yourself better. You leave me guessing at what you're talking about.
If that's what you mean, the number of working poor staying in the workforce well beyond 65 will greatly outnumber those who can retire early, I can guarantee you that. American citizens are not a financially savvy group.
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First off I've never said doing away with the 12% that people and employees but into SS. I say let people decide how to invest the money or let local goverment handle the issue. I just know that our current system doe not work. If you can look at these chart and say SS is the best way then there's no reason to discuss this.
Chart 4 [Mackinac Center for Public Policy]
Also nothice that they retire making MORE money than when they worked.