How to Fix Social Security

[Monkeydad]

Originally Posted by onlydarksets

I'm talking about the people who are working now and contributing to SS. What do you do when they decide not to contribute because they have bills to pay now, but then end up penniless and unable to work at 70?

Again, like my question above, I'm not opposing your suggestion - just asking for the full picture.

It's not a choice to pocket the FICA tax and do what you want. Privatization allows you to invest those funds in the market rather than trusting the government to hold it for you. It won't change your take-home pay. It does however, help you establish a better retirement AND you will know it WILL be there for you, unlike with Social "Security" which is anything but secure.