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Old 08-30-2017, 02:37 PM
 
8,288 posts, read 3,456,454 times
Reputation: 1586

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Quote:
Originally Posted by Crashj007 View Post
If the projection of $250,000 a piece for people who survive past 65 is correct, (as I saw recently) that is practically impossible.
I believe that it is $250K per couple. Either way Medicare isn't going away.
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Old 08-30-2017, 03:29 PM
 
Location: Boston
5,097 posts, read 1,457,239 times
Reputation: 3734
I don't get SS, my wife does, we use it for vacations.
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Old 08-30-2017, 03:54 PM
 
64,598 posts, read 66,129,695 times
Reputation: 43026
Quote:
Originally Posted by Crashj007 View Post
If the projection of $250,000 a piece for people who survive past 65 is correct, (as I saw recently) that is practically impossible.
medicare and an f-plan supplement in our area is 10k for a couple . figuring inflation on that over 25-30 years i can see it being close , especially with some long term care thrown in which may not be covered by medicare
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Old 09-03-2017, 09:38 PM
 
1,760 posts, read 581,887 times
Reputation: 1786
It should be renamed our national ponzi scheme.
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Old 09-04-2017, 01:49 AM
 
64,598 posts, read 66,129,695 times
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all i know is as of sept 1 that national ponzi scheme will be delivering 40k a year in checks to us .
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Old 09-04-2017, 09:02 AM
 
Location: Upstate, NY
453 posts, read 187,710 times
Reputation: 439
Quote:
Originally Posted by mathjak107 View Post
all i know is as of sept 1 that national ponzi scheme will be delivering 40k a year in checks to us .
Congrats, MJ!
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Old 09-04-2017, 10:22 PM
Status: "Living the good retired life." (set 28 days ago)
 
Location: Wasilla, AK
5,868 posts, read 3,148,828 times
Reputation: 11857
Quote:
Originally Posted by mathjak107 View Post
all i know is as of sept 1 that national ponzi scheme will be delivering 40k a year in checks to us .

You and I will get our checks. My daughter is 30 years away from FRA, providing it's not raised. She's not going to get anywhere near what we do, if she even gets anything.
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Old 09-04-2017, 10:50 PM
 
8,288 posts, read 3,456,454 times
Reputation: 1586
Quote:
Originally Posted by AlaskaErik View Post
You and I will get our checks. My daughter is 30 years away from FRA, providing it's not raised. She's not going to get anywhere near what we do, if she even gets anything.
If that's what her future cohort and younger voters want. Then it shall be.
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Old 09-04-2017, 11:17 PM
 
9,093 posts, read 3,706,315 times
Reputation: 13384
Quote:
Originally Posted by AlaskaErik View Post
You and I will get our checks. My daughter is 30 years away from FRA, providing it's not raised. She's not going to get anywhere near what we do, if she even gets anything.
she has 30 years to prepare and save for retirement as well...

You can say you did too when you were 35, but "fairness" isn't something that really matters

if she doesn't have enough in retirement, is it fair? Or does she have to do what she needs now to make sure she has enough?

"fair" doesn't get things done, she gotta do what she gotta do to make sure she ends up how she wants
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Old 09-05-2017, 04:23 PM
 
Location: Londonderry, NH
41,505 posts, read 49,557,510 times
Reputation: 24548
I am very tired of folks saying social Security will go broke. Just eliminate the cap on taxable income and apply it to all income from all sources including corporate retained profit and the Social Security system could become a National Pension.
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