Would you do away with ss?

[Forever_frost]

It should be phased out over the years, and your SS contributions now get redirected a 401k of sorts. When the money is privatized, more Americans will be better off.

Or they can just leave you to plan your own retirement.

[Forever_frost]

Is it really an entitlement if the average person is only getting back between 1.5 and 3 times what they contributed over 45 years?

Are they looking at getting more than they put in? If so, it's an entitlement.

[talisman]

Are they looking at getting more than they put in? If so, it's an entitlement.

It's a loan with a return on interest, not an entitlement.

And Justin is, always has been, and always will be, a fucking moron. Hell, his name may have been Josh this entire time, since he steals other peoples screen names who knows. Regardless of what your license says you're an idiot and a piece of shit.

[bcoop]

i guess you calling me an idiot but ive told you before my name is josh ive met and talked to several people on this forum already. Who the fuck is justing youre so obsessed with? Is that your ex? You never add anything anyway i think ill just put you on ignore. im sure youll reply but i wont be reading it. So have fun with that thought

Your IP has already been confirmed by a mod, but nice try.

[Nash B.]

Are they looking at getting more than they put in? If so, it's an entitlement.

Assuming a fixed annual contribution over 45 years, a 50% return on investment is equivalent to about 1.75% per year, a 100% ROI is equivalent to 2.9% per year, and a 200% ROI is equivalent to 4.4% per year. I think even Ruffdaddy might be able to beat that.

[ceyko]

SS to me is another program that may of had the best intentions when started, now it's just a tax in my opinion.

One generation or another is going to pay a lot into it (I know I certainly have paid a ton into it) and not get anything in return.

[Ruffdaddy]

Assuming a fixed annual contribution over 45 years, a 50% return on investment is equivalent to about 1.75% per year, a 100% ROI is equivalent to 2.9% per year, and a 200% ROI is equivalent to 4.4% per year. I think even Ruffdaddy might be able to beat that.

Hahaha...as I was reading that I was thinking..damn even my 401K does better than that.

[Forever_frost]

It's a loan with a return on interest, not an entitlement.

And Justin is, always has been, and always will be, a fucking moron. Hell, his name may have been Josh this entire time, since he steals other peoples screen names who knows. Regardless of what your license says you're an idiot and a piece of shit.

No, a loan you voluntarily put in for. This, you have no choice and you can't choose where to put your money to maximize your return. Does the government have the ability to decide your payouts and withold them during budget negotiations?

Sounds like an entitlement more than a return on a loan doesn't it to you?

[talisman]

No, a loan you voluntarily put in for. This, you have no choice and you can't choose where to put your money to maximize your return. Does the government have the ability to decide your payouts and withold them during budget negotiations?

Sounds like an entitlement more than a return on a loan doesn't it to you?

It's pretty much all semantical. Your money earns interest, and then it is paid back to you. That's the theory, anyway. Is it in total shambles right now? Pretty much. That doesn't mean the people who have paid in their entire lives deserve to be fucked over by it, now, or in the future.

[YALE]

It's pretty much all semantical. Your money earns interest, and then it is paid back to you. That's the theory, anyway. Is it in total shambles right now? Pretty much. That doesn't mean the people who have paid in their entire lives deserve to be fucked over by it, now, or in the future.

That's an interesting word.

[talisman]

That's an interesting word.

It's fitting in the context of brain dead Justin's ramblings.

[YALE]

I guess I would reform entitlements, if you gave it to me to do. The primary issue with even trying is that this country has a fundamental inability to admit when the well has run dry, coupled with a fundamental inability to try anything new when it does. That's kind of a recent thing, and I don't get it.

[Ruffdaddy]

That's an interesting word.

Followed by an even more interesting comment.

[jyro]

Give me all the money back I paid in with interest and do away with it. for the last 3 years I have limited my AC business to $1400 a month because SS requires me to pay back money if I make any more than $1400. I'll be 66 this year and can make as much as I want to after I'm 66. The wife and I are both on it, it's a savings plan the government setup. I have a IRA but haven't touched it yet thanks to SS.

[YALE]

Followed by an even more interesting comment.

If I'm being totally honest, I hope I never need it.