Will Millennials Get Social Security? (divorce, spouse, children, place)
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No, what they do is keep pushing the age to collect higher, partial payments if taken "early", etc. No politician will ever "get rid of SS", what they will do is inflate it away until pretty soon all you can buy is a can of soda with it.
You're just propagating a different lie. Way too many people have nothing but SS for their retirement. Yes, there will be a push for higher SS taxes, removing the income cap and raising the FRA by a few years. But SS is not going away and no politician is going to get anywhere trying to eliminate it or drastically reduce it.
You're just propagating a different lie. Way too many people have nothing but SS for their retirement. Yes, there will be a push for higher SS taxes, removing the income cap and raising the FRA by a few years. But SS is not going away and no politician is going to get anywhere trying to eliminate it or drastically reduce it.
Thats because pensions have evaporated and 401k match is almost non-existant, wages are stagnant or on a slight decline. These things wont come without political blow back at some juncture.
Thats because pensions have evaporated and 401k match is almost non-existant, wages are stagnant or on a slight decline. These things wont come without political blow back at some juncture.
You complain about not having 401k match, for years my husband and I considered ourselves lucky to work some place that offers 401k, let alone match. My daughter’s own a small business and it offers nothing. She can only contribute to Roth IRA.
You're just propagating a different lie. Way too many people have nothing but SS for their retirement. Yes, there will be a push for higher SS taxes, removing the income cap and raising the FRA by a few years. But SS is not going away and no politician is going to get anywhere trying to eliminate it or drastically reduce it.
You know it’s propanda when they mention the word soda. SS can buy lots of soda, if that’s your diet.
It's sad really that so many people are so incredibly ignorant of how Social Security actually works.
Nobody ever robbed anyone of anything. Ever.
You don't have to rely on 3rd Party web-sites, you can go to SSA's web-site and learn everything you need to know, so why don't you do that?
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I must have struck a nerve, good! That’s nice to assume I have not been on the gov website. I have been on it and have seen how much I have paid into it when I’m the long run I most likely will not receive it back! Had I placed that money in other investments, I could have made money.
Am I mandated to pay into SS? What are the consequences if I do not?
Quote:
Originally Posted by markg91359
i hate to say this, but you really haven't learned anything reading all these posts.
Once again, another person assuming I have not learned anything. I’ve learned quite a lot thank you and will continue to do so! And I find it contradicting when someone says, I hate to say this But.... - you clearly enjoyed the post or you would not have made it!
I must have struck a nerve, good! That’s nice to assume I have not been on the gov website. I have been on it and have seen how much I have paid into it when I’m the long run I most likely will not receive it back! Had I placed that money in other investments, I could have made money.
Am I mandated to pay into SS? What are the consequences if I do not?
Once again, another person assuming I have not learned anything. I’ve learned quite a lot thank you and will continue to do so! And I find it contradicting when someone says, I hate to say this But.... - you clearly enjoyed the post or you would not have made it!
the consequences ? avoiding paying fica taxes carries penalties and interest levied by the irs ...
If they ultimately cut this program, and working people no longer have Social Security payments deducted from their paycheck, there is detailed information on every one of us on how much our contributions were over our working life. Cut me the check and I'm good (I factor in my pension and my 401K savings in this decision) I cannot collect for another 10 years, and 2028 sounds like an important year in the calculus and lifespan of the program.
And quit calling it an "entitlement", I've paid into this program for over thirty years, and counting.
This is what I would suggest, just end the program, cut the checks to those who paid into it and call it a day. The waste and fraud would be no more, taxs do not increase, the people dont have to pay for more government employees to run the program... lots of savings to be had for the people.
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