How to Fix Social Security

[Schneed10]

Originally Posted by firstdown

Hey you may want to send that line to the Dem. party. Its not about saving for your future its about jobs for your grandkids and you don't want to starve your grandkids. You also assume that there would be a flood of people having to work longer in life. I could retire about 6 to 7 years earlier and I bet over half of Americans could retire at an earlier time.

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.

[firstdown]

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.

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.

[Schneed10]

Originally Posted by firstdown

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.

If that's your stance, then you and I are in complete 100% agreement.

I just took issue with your suggestion that going without a program entirely wouldn't be a problem economically down the road.

[firstdown]

Originally Posted by Schneed10

If that's your stance, then you and I are in complete 100% agreement.

I just took issue with your suggestion that going without a program entirely wouldn't be a problem economically down the road.

Funny how we could discuss this and it took that long to figure we where on the same page.