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Tractor Talk Discussion Board

Re: 10 things you should know about SS


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Posted by Bret4207 on April 25, 2014 at 04:03:05 from (64.19.90.196):

In Reply to: 10 things you should know about SS posted by George Marsh on April 24, 2014 at 14:07:25:

It always amazes me that so many people depend on SS and Medicare. They'll spout off about having earned it, how it's due to them and then in the next breath complain about other people who worked and earned a pension, that the person payed for, that comes with medical coverage, that the person also pays for. Not pointing fingers at anyone here, just a general observation. No one has a "SS savings account", what you get comes out of someones paycheck today. Your SS contributions were spent decades ago. I suppose it's s sore spot for me, with in laws that never planned for anything and then expected SS to support them, just like FDR said back in the late 30's.

I'm 54, my wife 53. Neither of us has any confidence that we'll receive a single cent from SS or Medicare. In fact, I rather hope by the time I'd become eligible the whole ponzi scheme has been replaced for the most part with a tax free IRA type account for each person. Nothing else can possibly work int he long run.


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