None of it is your money. Any benefits you collect are from those paying into the system now. That is the way it works; it is a "pay as you go" program. None of the money is in an account with your name attached.
Quote:
Originally Posted by eyc234
 We have said this for years, if you collect SS past 6 years it is not your money. We never included SS in any part of our retirement planning since no Congress has the guts to fix it and we do not count on money we do not control or can logically predict it will be there when we need it. Now it will be a bonus when we decide to take it. Many people will not save and live beyond their means so SS is a lifeline for them. |