Quote:
Originally Posted by JimJohnson
When he takes away my social security I will be in financial trouble.
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Quote:
Originally Posted by soonerforever
Post reported....political referencing
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Nope. JimJohnson said nothing political.
But I guess post-reporting depends on whose ox is being gored.
Back to the topic of concern for the future of Social Security, this decision could grow arms and legs.
This decision could eventually threaten not just those who depend for the most part on Social Security in retirement, but also could threaten those who have invested carefully, but depend on SS to provide a buffer that keeps investors from needing to tap into their IRAs sooner rather than later. And where a Roth is concerned maybe forever.
Anyone who thinks that privatization of SS is not in the wings is kidding themselves. Another thing that could be looming in the wings is means testing — that could hit those who have been paying in for years, but have accumulated assets — though they are not super high income people, just good long range planners.
Please do not base your opinion on personal politics. Please think through how this SS decision can affect personal finances in retirement — for all of us.
Cassandra Boomer