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Now, back to the socialized medicine thread...Quoteas far as socialized health care goes, why would anyone want the gov to control health care? has anyone on here seen the mess social security and medicare is in? do we really want them to touch the rest of the health care system?
I've not heard of anyone being denied their SocSec payments, and I believe the system is solvent for some 30+ years even if no changes are made.
UNLIKE those who depended on their 401k for retirement this year.
Quotei guess you don't know how the system works. soso security gives you 1to 1.5k a month, then you need to pay for health care and taxes, which leaves you $600-$900left. You have to pay your property taxes of 5k a year, insurance deductibles, elect and heat leaving you with a neg amount in your check book and a pile of paperwork and red tape to get you medicines to stay alive. The reason soso security is viable for 30 years is because they don't give you enough to live.
If you put all the money you paid into soso security over your life into safe secured accounts you would have at least twice the amount of money for retirement. so in otherwords, you have been robbed of at least half your retirement.
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Now, back to the socialized medicine thread...Quoteas far as socialized health care goes, why would anyone want the gov to control health care? has anyone on here seen the mess social security and medicare is in? do we really want them to touch the rest of the health care system?
I've not heard of anyone being denied their SocSec payments, and I believe the system is solvent for some 30+ years even if no changes are made.
UNLIKE those who depended on their 401k for retirement this year.
Quotei guess you don't know how the system works. soso security gives you 1to 1.5k a month, then you need to pay for health care and taxes, which leaves you $600-$900left. You have to pay your property taxes of 5k a year, insurance deductibles, elect and heat leaving you with a neg amount in your check book and a pile of paperwork and red tape to get you medicines to stay alive. The reason soso security is viable for 30 years is because they don't give you enough to live.
If you put all the money you paid into soso security over your life into safe secured accounts you would have at least twice the amount of money for retirement. so in otherwords, you have been robbed of at least half your retirement.
I think those who are retiring this year are pleased to have Soc Sec because their nice safe 401Ks have tanked so badly. Those who invested in nice safe real estate are regretting it too.
QuoteQuoteQuoteQuote
Now, back to the socialized medicine thread...Quoteas far as socialized health care goes, why would anyone want the gov to control health care? has anyone on here seen the mess social security and medicare is in? do we really want them to touch the rest of the health care system?
I've not heard of anyone being denied their SocSec payments, and I believe the system is solvent for some 30+ years even if no changes are made.
UNLIKE those who depended on their 401k for retirement this year.Quotei guess you don't know how the system works. soso security gives you 1to 1.5k a month, then you need to pay for health care and taxes, which leaves you $600-$900left. You have to pay your property taxes of 5k a year, insurance deductibles, elect and heat leaving you with a neg amount in your check book and a pile of paperwork and red tape to get you medicines to stay alive. The reason soso security is viable for 30 years is because they don't give you enough to live.
If you put all the money you paid into soso security over your life into safe secured accounts you would have at least twice the amount of money for retirement. so in otherwords, you have been robbed of at least half your retirement.
I think those who are retiring this year are pleased to have Soc Sec because their nice safe 401Ks have tanked so badly. Those who invested in nice safe real estate are regretting it too.
QuoteI guess you missed the part about safe secured accounts.
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If you put all the money you paid into soso security over your life into safe secured accounts you would have at least twice the amount of money for retirement. so in otherwords, you have been robbed of at least half your retirement.
I think those who are retiring this year are pleased to have Soc Sec because their nice safe 401Ks have tanked so badly. Those who invested in nice safe real estate are regretting it too.
QuoteI guess you missed the part about safe secured accounts.
According to the Cato Institute's analysis, SocSec returns are generally** above both long term government bonds and TBills. Less than corporate bonds or the stock market, BUT THOSE ARE HARDLY SAFE SECURED accounts.
** effective rate depends on time period, income, and marital status. Stll, SocSec is generally better.
www.cato.org/pubs/journal/cj14n1-4.html
A comparison of the pre-tax rates of return from the social security system (Tables 2, 3, and 4) with the average rates of return for alternative investments for the time period 1945-89 in Table 1 shows that the social security returns are very favorable. The returns for those retiring presently or in the near future are impressive. For 65-year-old couples (Table 2), the rates of return from the social security system range from 8.14 percent for 50/50 income split couples with 1990 incomes of $100,000 to 11.24 percent for one-earner couples with incomes of $10,000. These rates exceed those of all investments for the 1945-89 time period except the most risky, common stock, which had a rate of return of 13.57 percent. As predicted, couples with one earner have high rates of returns because they receive spousal benefits without making additional contributions. For 65-year-old singles, the rates of return ranging from 7.65 percent for a male beneficiary with income of $100,000 to 10.02 percent for a female with income of $10,000 are somewhat lower than for couples because of the lack of spousal benefits but still compare favorably with all investments except common stock. As anticipated, females have higher rates of return than males with the same income because of their longer life expectancy. Overall, the rates for many 65-year-old beneficiaries are almost twice as high as the average rates of return for long-term corporate bonds, long-term government bonds, and U.S. Treasury Bills for the 1945-89 time period. [3]
I've not heard of anyone being denied their SocSec payments, and I believe the system is solvent for some 30+ years even if no changes are made.
UNLIKE those who depended on their 401k for retirement this year.