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I worry about the generations thatfollow us. We struggle enough but they will really struggle. If all of us would get life insurance, these kids wouldn't worry so much. I set up my investmentplan so a niece & nephew receive the benefits when I pass.
I worry about the generations thatfollow us. We struggle enough but they will really struggle. If all of us would get life insurance, these kids wouldn't worry so much. I set up my investmentplan so a niece & nephew receive the benefits when I pass.
Yes, absolutely. DH's and my biggest concerns aren't about our own retirement but about the next generation's. We also are doing our estate planning with that in mind.
When we're in our 80s-90s, we'll need them to take care of us. If they're not financially stable they won't be good caretakers. It's a two-way, mutually beneficial thing.
I worry about the generations thatfollow us. We struggle enough but they will really struggle. If all of us would get life insurance, these kids wouldn't worry so much. I set up my investmentplan so a niece & nephew receive the benefits when I pass.
How nice. Just be sure to not accept a beverage from either one of them unless you personally observe them opening the sealed unaltered container and pouring it right in front of you. Ever watch Forensic Files?
Are they kidding? They've robbed the SS till now for 40+ years. SS payments really should be 2X what they currently are.
Cut ADC Medicaid and food stamps first. That's just for starters.
I'm curious if you were foaming at the mouth when you wrote that post? Also curious about your line of reasoning for "SS payments really should be 2X what they currently are". How did you come to that conclusion?
That is not going to solve the problem. Where is the "borrowed" money going to come from? Either from issuing more debt (which will then need to be paid back) or from raising taxes.
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How about eliminating Foreign Aid to Aid Americans?
From what I have read I believe they want to raise the age which you can collect (people are living a lot longer than when it was originally enacted) and/or privatize it, which would possibly allow it to grow as any investment such as a 401K would. Personally I would like some changes made where the administration is not allowed to use it as a slush fund, which is the real reason it's in trouble. Also I agree that people should pay into it up to a higher amount, i.e. now if you make $118K your yearly payments stop. Since the lower paid people are the ones being short changed, I think they should raise the yearly payment to $500K.
Why is no one in favor of raising FICA tax itself ? That is what used to happen if you look at the historical table of FICA tax. Incremental increases every 2-3 years since 1937 until 1990 when it was no longer raised.
I'm curious if you were foaming at the mouth when you wrote that post? Also curious about your line of reasoning for "SS payments really should be 2X what they currently are". How did you come to that conclusion?
You merely take the billions of dollars that were filched from the SS pot (by both Dems And GOP'ers) over 50 years. All for pet projects, designed to further individuals' political careers. Add that in, as if it was still there, and SS payments at this time would be nearly twice what they are.
Politicians have been robbing the SS money with no concern, for decades. Yet people never asked, and yet they continue to vote for those pigs.
Last edited by TwinbrookNine; 07-22-2015 at 09:58 AM..
Social security disability needs to be removed from ss..
Have its own category. Like welfare by a different name.
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