Posted by sotxbill on August 17, 2017 at 08:21:23 from (104.5.24.112):
In Reply to: Retirement posted by sparktrician on August 16, 2017 at 14:21:08:
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That is exactly what s wrong. If you cant or wont save for yourself, you deserve the very minimal ss plan. And it gets worse everyday as CONGRESS continues to eat it up. At first, it was NOT taxed... Now it is. At first, it would perpetuate itself forever, now, with CONGRESS adding in all the other benefits, it will not. At first, there were very generous cost of living raises that made if more reasonable, now its not livable and only minimal cost of living based on a newer index that will not support you. If you cant or wont take care of your retirement, you will be living on $1500 a month. And if you cant take care of your retirement, sadly, you probably dont have a paid off home, paid off car, savings, or emergency plan so yes.. you will barely live, destitute. The government has broken EVERY promise on the SS plan so far. If you dont take care of yourself and spouse, no one else will. Back to eating cat food and finding Doctors (who barely speak english) who will take medicare.
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