Quote:
Originally Posted by djplong
it all depends on how you look at it. If you look at the LONG TERM returns, especially since Social Security was started, you'll see the stock market has vastly outperformed anything. Yes, if you put ALL your money in real estate before the bubble burst, you lost about 30-40%. But how much did you gain before that?
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I do agree with that, and I think I could do better with my money than the government has done. My big concern would be for the millions that would take the money and run and then be the first ones in line for a handout when the poop hits the fan for them. We as a country have shown we will not leave anyone hungry no matter how stupid they have been with their life. So since we will pay for them in the end anyway, I say take a little each paycheck to offset the bill in the end. I think the limit for SS withholding is still right at the first 100,000 of earning and no matter how much you retire with, you can still draw your SS when you get to that age.