reply to post by whatukno
Whatukno, are you being deliberately obtuse? Honey, there will be no money returned to you when you retire. Everything you have paid in is already
gone, and unless you retire tomorrow, that money will not be there when you do. The government has spent that money, and has no "means" to pay it
back and no plans to do so either, so they are trying to find other solutions, so they say. Seven Thunders has very valid points here, and I am in
agreement with his solution to Social Security Retirement. Can't say I agree with the other comments made by ST in regards to ObamaCare because IMO
time will tell. I am sure there will be good things and bad things related to this new program, as there would be for any solution.
This doesn't mean I am in favor of ObamaCare, but I am not going to be vitriolic about it either. That said, the private retirement account idea
sounds good to me since I now have to work until almost 75 years old to get my "full investment" back on my retirement, (I have fibromyalgia and
severe arthritis. How the heck am I supposed to work until then? I am 43 now and working full time. I can't work another 32 years.) Even should I
retire now and go on disability, the funds would run out before I hit retirement age. I have been paying taxes on earned income since I was 15 years
old, and I filed my first tax return then because I felt it was my duty. Now what?
The money no longer exists. As fast as you pay it in from your paycheck is as fast as it is spent. In fact, the way our government works, it is spent
years before it is even earned by you. I am afraid that if you spend the rest of your working life believing that there will be money there for you
when you retire, you will be left destitute. It is guaranteed to happen if you do that. Better to personally and carefully choose your investments
with that money and be cognizant of what is going on with it at all times. Then, if something goes wrong, you move the funds, etc.