Quote:
Originally Posted by Sandtrap328
Yes, we all paid into Social Security for our working careers and, naturally, the Social Security general fund was "raided" to pay for other things. That is not the issue of this post.
I would like to know opinions on IF Social Security had been an opt-in program, who would have decided NOT to opt-in and to save/invest for their own retirement. At retirement age, if you had NOT opted-in, there would be absolutely no government assistance even if you had not made good saving/investment choices.
Which would you have taken - advised your children and grandchildren to have taken?
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Actually, this question makes no sense.
When I, and assume most others were working, there were very few alternatives...you selected your employer and one of the main factors was retirement.
Annuities and the like were new on the landscape and not discussed much.
Not sure of you intent in asking this question, because I was always told my social security was a guaranty by the government, but I should save as much as possible to add to that plus my employers retirement plan. Today, those retirement plans are history for the most part and it is now, for those younger folks....you do not have a retirement in most cases, unless with the government (state or federal), and social security will never do it, so you better begin to invest and start young.
To respond directly, I can't answer it...it was a different time and age, and today's investment opportunities just did not exist.
I would really like to know the reason for the question actually. Recently there appears to be a subtle message from some that I should feel guilty for collecting SS. As I said to the other thread, I suppose posting with the same motivation as usual, I feel not one iota of guilt.
PS...DIdnt you often times mention you worked for the government so you DID NOY pay into SS. You paid, I think a percentage into the federal retirement fund. Sorry if I am wrong..my memory is shot..you know these old social security collectors.