Except the govt. makes it almost impossible by keeping interest at almost zero and limiting retirement savings options and levels. Savers are punished and borrowers are coddled.
Jeff McNelly passed away in June 2000 from lymphoma. His legacy is continued through the work of Chris Cassatt, Gary Brookins, Susie MacNelly, his head writer Bill Linden and Doug Gamble.
The Social Security Trust Fund was very actuarily sound (I work in insurance) when established. However, had a trustee pillaged their trust fund the way Congress has stolen from the Social Security Trust Fund, said trustee would be in prison for many years. I think Social Security has plenty of assets. The problem is that most of them consist of useless IOUs from where Congress “borrowed” money with no real intention of ever paying it back. That is the crux of the problem.
Anybody get their statements on what exactly is your balance into the Soc Sec system? With all of us living longer, I don’t think that our contributions would last us to death…guess I didn’t work long enough in the system before I became “self funded.”
@gafferjack: You think the people at Occupy Wall Street are confused? If you think they are a bunch of confused losers, maybe you should think about what the wall street firms did to you and your retirement. I saved in a 401K dutifully for many of my working years. Wall street really “helped” me, I should have spent it on beer, so I could have cashed in the Al cans when I retired. Social protects old people, the disabled, widows, and orphans from the vagaries of crony capitalism. It may be true that the “big spenders” in Washington have borrowed on it, but look at government spending from 2001 to 2008 to see who the really big(and irresponsible) spenders were. Do you need more proof? Look at federal spending under Ronnie Raygun. I do not particulary care for the Democratic Party, but I prefer “tax and spend” to “borrow and spend, then blame Democrats” every time.
Social Security was a Ponzi Scheme when it started, then they looted it and it became something else. Now benefits are paid out of the general fund and there’s nothing there.
Paid into SS off and on for 53 years. As I get CSRS, never expected to get anything from what I paid into SS. It turns out I do get enough SS to pay for my Medicare Part B “assessment”. Folks on FERS, the “new and improved” government retirement have seen massive hits, twice to their savings, just like my Roth IRA, when that “marvelous market” crashed. “interest” on savings, or “investment” has become a much bigger joke than Social Security. (Unless you’re one of the insiders on Wall Street, or on the Federal Reserve Board (private bankers, NOT “government” actually)
Madoff and friends are running the real Ponzi, and including disability for SSDI did harm the system, as have other ripoffs, but for straight “supplement” as SS was intended, there would be no problem.
I am 58 years old, receiving SS Disability payments monthly. Without them, I would be living on the street, without a computer, and all of you right-wing neo-fascists wouldn’t be able to read my occasional brilliant commentary.
I saved a minimum of 10% per year for 45 years. I put the money into a diversified portfolio of stocks, savings (for quick access if needed), IRAs (Roth and regular), 401(k), CDs, etc. It was tough at times, but well worth the effort as we are now living comfortable (not lavishly) in our golder years. The time value of money is a wonderful thing. Just a few bucks a week early in your working career are worth a lot more than the large savings toward the end of your career when you are making more money.. And the great thing is, as you see your investments grow, it just encourages you to do more.
Good luck on that one! Seriously. You’re kidding… right?I’m waaaaay ahead of you “in line” (aka: “older” for retirement) and expect very little return for my extensive pay in.Seriously.Thankfully, I’ve made other investments, too.__:ºJ I have to assume you’re not from the US… if you actually believe what you posted.
doc white about 13 years ago
The hit is for the bank CO.
BigChiefDesoto about 13 years ago
The trouble is that there’s an ENDLESS supply of BOZOS in Washington!!! They breed faster than anybody can get rid of them!!!
Olddog1 about 13 years ago
Except the govt. makes it almost impossible by keeping interest at almost zero and limiting retirement savings options and levels. Savers are punished and borrowers are coddled.
Sandfan about 13 years ago
To All Politicians:
1) I started drawing it a little more than a year ago after paying into it for 50 years.
2) About six months after that, I was downsized out of a job.
3) I own several firearms.
4) Do the math.
gilmccarthy about 13 years ago
What happened to Jeff MacNelly? Did he retire and sell the Shoe? How can 3 artists work together? In the same room?
GROG Premium Member about 13 years ago
I’ve still got some time left, but I know I won’t be counting on the government to feed me – whether I paid in or not.
Cordicfan about 13 years ago
Jeff McNelly passed away in June 2000 from lymphoma. His legacy is continued through the work of Chris Cassatt, Gary Brookins, Susie MacNelly, his head writer Bill Linden and Doug Gamble.
TexTech about 13 years ago
The Social Security Trust Fund was very actuarily sound (I work in insurance) when established. However, had a trustee pillaged their trust fund the way Congress has stolen from the Social Security Trust Fund, said trustee would be in prison for many years. I think Social Security has plenty of assets. The problem is that most of them consist of useless IOUs from where Congress “borrowed” money with no real intention of ever paying it back. That is the crux of the problem.
Gafferjack about 13 years ago
@rollsroycetigre1 seems to be seeking someone equally confused…. Maybe possible in a park in NY.
Crabbyrino Premium Member about 13 years ago
Anybody get their statements on what exactly is your balance into the Soc Sec system? With all of us living longer, I don’t think that our contributions would last us to death…guess I didn’t work long enough in the system before I became “self funded.”
eepatt about 13 years ago
@gafferjack: You think the people at Occupy Wall Street are confused? If you think they are a bunch of confused losers, maybe you should think about what the wall street firms did to you and your retirement. I saved in a 401K dutifully for many of my working years. Wall street really “helped” me, I should have spent it on beer, so I could have cashed in the Al cans when I retired. Social protects old people, the disabled, widows, and orphans from the vagaries of crony capitalism. It may be true that the “big spenders” in Washington have borrowed on it, but look at government spending from 2001 to 2008 to see who the really big(and irresponsible) spenders were. Do you need more proof? Look at federal spending under Ronnie Raygun. I do not particulary care for the Democratic Party, but I prefer “tax and spend” to “borrow and spend, then blame Democrats” every time.
RayThomas101 about 13 years ago
Social Security was a Ponzi Scheme when it started, then they looted it and it became something else. Now benefits are paid out of the general fund and there’s nothing there.
Dtroutma about 13 years ago
Paid into SS off and on for 53 years. As I get CSRS, never expected to get anything from what I paid into SS. It turns out I do get enough SS to pay for my Medicare Part B “assessment”. Folks on FERS, the “new and improved” government retirement have seen massive hits, twice to their savings, just like my Roth IRA, when that “marvelous market” crashed. “interest” on savings, or “investment” has become a much bigger joke than Social Security. (Unless you’re one of the insiders on Wall Street, or on the Federal Reserve Board (private bankers, NOT “government” actually)
Madoff and friends are running the real Ponzi, and including disability for SSDI did harm the system, as have other ripoffs, but for straight “supplement” as SS was intended, there would be no problem.
WaitingMan about 13 years ago
I am 58 years old, receiving SS Disability payments monthly. Without them, I would be living on the street, without a computer, and all of you right-wing neo-fascists wouldn’t be able to read my occasional brilliant commentary.
dahawk about 13 years ago
I saved a minimum of 10% per year for 45 years. I put the money into a diversified portfolio of stocks, savings (for quick access if needed), IRAs (Roth and regular), 401(k), CDs, etc. It was tough at times, but well worth the effort as we are now living comfortable (not lavishly) in our golder years. The time value of money is a wonderful thing. Just a few bucks a week early in your working career are worth a lot more than the large savings toward the end of your career when you are making more money.. And the great thing is, as you see your investments grow, it just encourages you to do more.
baileydean about 13 years ago
Good luck on that one! Seriously. You’re kidding… right?I’m waaaaay ahead of you “in line” (aka: “older” for retirement) and expect very little return for my extensive pay in.Seriously.Thankfully, I’ve made other investments, too.__:ºJ I have to assume you’re not from the US… if you actually believe what you posted.