Quote:
Originally Posted by golfing eagles
True, but SS was never intended to be the sole means of income in retirement. It was started in the 1930's as a social safety net during the great depression so seniors would not be out in the streets homeless or in "Hoovervilles". The Villages is not the cheapest place to live, so good planning would have allowed for a "cushion" to hedge against such inevitable price increases. Let's hope we never face runaway inflation, which no one will be able to hedge against.
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Yeah, forgot about that, the part of my retirement that decreased by almost 20% last year.
Personally, I'm not close to needing to worry about that $25/month but I recognize that the my position could change if the planning I did a few years ago doesn't match the reality of ten years from now. Others may have hit that point already.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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