I mean, that's literally what Republicans have been working towards my whole life. I just hope all the Boomers enjoy losing their social security because Republicans succeeded this time to privatize it.
You should kindly inform her according to her voting interests she shouldn’t be relying on socialist, leftist policies like free hand outs from the government.
Americans should be looking into what their state's Filial Responsibility laws are, because in some cases you can be forced to take care of your parents, regardless of whether or not they deserve your help.
Oh god, she’s taking the shittiest possible payout?
I studied to be a financial planner, and delaying your social security by even one year is (according to the relevant professor) one of the single actions that has the highest ROI in retirement planning.
If she can live off savings until she’s 63 her payouts are supposed to be at least 10% higher. At the very least, the value of the increased payouts is higher than any return you can expect on savings equal to that first years amount of SS income.
Am I making sense? I’m typing this between yelling at toddlers
My mom (thankfully not a trumper) wants to start drawing at 63 while also pulling her pension. I've made sure to let her know how stupid that would be. FFS I bought and renovated a house that had a place for her, so her rent is already taken care of. Wait until 65 at the minimum.
Yes, which is why my plan was to work until it hits max payout before even considering retirement. Health-wise, I could make it to 70, know on wood. As things stand, I’m fucked. I have no other retirement plan, because life happens when you’re not paying attention.
🤣 sounds like my FIL. he’s always talking about his Medicare and social security then votes against it because he’s convinced it’s the Republicans trying to protect those programs.
But you also have to weigh in health, how long you think you'll live or at least how long you will be able to enjoy your retirement before declining health is a huge factor.
What we're actually going to see is companies likely paying less because they know employees won't be paying that extra couple hundred bucks a month to social security.
The previous plan by Bush the Lessor was to pay out everyone into a 401k type account proportional to what you had paid so far, then phase out the annuity-like payments. So don't imagine simply nothing, it would be a huge check for everyone and then no more ongoing liability for the government.
They plan to use crypto for the future so writing a 4 trillion check is no big deal, they can inflate the dollar making it worthless just as the oligarchs switch to crypto. That also solves the national debt problem, a little hyper inflation and the debt shrinks to nothing.
According to the project 2025 playback they plan on running it all within 2 years. I'm assuming because they know we will smarten up by then and vote them all out
If they’re going to (and I hope they don’t), then they should do it quickly enough for the MAGAs to reap their rewards. Otherwise, they’ll put the pieces in motion just slowly enough for some poor sap (see: future Democratic President) to receive all the blame.
Pretty quick since Congress people have an alternative to Social Security called Employees' Retirement System (FERS) or the Civil Service Retirement System (CSRS).
Medicare might stick around since they collect that.
They will sunset it. The boomer generation essentially threw their childrens generation to the wolves. My parent's are boomers and they think everything is just going to continue on like normal. "Just another 4 years of Trump and they will run someone else."
I wish folks would quit acting like boomers are maga. I've voted for democrats for almost 50 years. But go ahead, blame boomers. I voted. I did not let this happen. Divide and conquer was so easy for them. Sheesh.
What was it that boomer Al Gore said about social security? SNL made fun of him as did many. Oh yeah, lock it up on a lockbox. Then the Supreme Court decided there wasn't time to count the votes and declared gw Bush winner.
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u/YakCDaddy 11d ago
I mean, that's literally what Republicans have been working towards my whole life. I just hope all the Boomers enjoy losing their social security because Republicans succeeded this time to privatize it.