Retire at age 70?
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People need to focus on thier own retirement plans, starting them up young- I started a ROTH IRA when i was 23 and a 401K once I started my career. Same as my wife. We should get rid of the SS system and, hopefully this will make people smarter about their money and retirement. I know i will not be working when i am 70 and the same with my children, and thats all i care about. You guys realize that you can do something about this right??? your the one that conrtols how you spend/use your money. I live my life by determining weather things are wants or needs.0
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HeidiJam wrote:People need to focus on thier own retirement plans, starting them up young- I started a ROTH IRA when i was 23 and a 401K once I started my career. Same as my wife. We should get rid of the SS system and, hopefully this will make people smarter about their money and retirement. I know i will not be working when i am 70 and the same with my children, and thats all i care about. You guys realize that you can do something about this right??? your the one that conrtols how you spend/use your money. I live my life by determining weather things are wants or needs."You can tell the greatness of a man by what makes him angry." - Lincoln
"Well, you tell him that I don't talk to suckas."0 -
HeidiJam wrote:People need to focus on thier own retirement plans, starting them up young- I started a ROTH IRA when i was 23 and a 401K once I started my career. Same as my wife. We should get rid of the SS system and, hopefully this will make people smarter about their money and retirement. I know i will not be working when i am 70 and the same with my children, and thats all i care about. You guys realize that you can do something about this right??? your the one that conrtols how you spend/use your money. I live my life by determining weather things are wants or needs.
couldn't agree more. If you are a working adult you can afford to save for your retirement. it may only be small amounts but it is necessary to do. I also started a roth at a young age, 18, and have seen it go up and seen it come down, but I am up on my principle and that is all that matters. People need to be more proactive if they wish to retire. Personally I don't think i will ever stop working, but that is more because i want to, not because I have to do it. I cannot wait for the day when I "retire" from the damn rat race and get a job doing what I want to do. People would have a lot more $ to put into their own plans if the government quit taking for SS. But that would require people taking responsibility for something...and we cannot ask them to do that...
Ultimately this can only work if Social Security is phased out. Obviously it cannot be scrapped, and everyone who put money into it should get something out of it. and there definitely need to be programs from poor seniors, don't get me wrong, but what they look like in my view should be a lot different than what social security looks like today.that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
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gimmesometruth27 wrote:i understand what you are saying and i have started young. so stop social security and do what with that money? build more bombs? what about the people that did not save? they were promised social security and medical coverage. make them work their whole lives and end up destitute and unable to afford their food and more importantly other necessities to live such as medication? i am talking about having to wait until age 70 for SS and MEDICARE benefits. do you know what it costs to insure a 70 year old? they are very high risk so they are very expensive. it is not right to make people wait until age 70 to have their healthcare taken care of.0
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unsung wrote:I'd rather have a private plan, although the feds would find a way to get their hands on that too. Take what I have contributed and give me my own 401k. I don't expect SS to be there when I get to that age, which will be 87 by the time I'm eligible.
You need to set up your own accounts and not depend on the government to help. Because if you do rely upon them you may be working forever.
That's because Social Security is not a retirement pension fund... Social Security was created as a SUPPLEMENT Retirement fund. You're supposed to get a job, save some of your earnings to retire on and the Government holds back some in case you do not save enough or hit a patch where you are out of work.
It is the stupid people that think Social Security is a retirement plan. They should have been saving their money during good times and limit their spending during bad.
I am hoping to deny my Social Security and plan on my savings and company pension to live on. I heard it is almost impossible to reject Social Security, so I will probably donate it to a cause I will believe in when I'm 65.Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
Hail, Hail!!!0 -
HeidiJam wrote:Thats why its best to take care of your self so you and your family is not affected by stupid shit like this."You can tell the greatness of a man by what makes him angry." - Lincoln
"Well, you tell him that I don't talk to suckas."0 -
Cosmo wrote:I am hoping to deny my Social Security and plan on my savings and company pension to live on. I heard it is almost impossible to reject Social Security, so I will probably donate it to a cause I will believe in when I'm 65.
my dad tried that but then my folks couldn't get health insurance...so reluctantly, he did and shortly thereafter my mom got cancer so in the end it was a good thing because otherwise my folks wouldn't have been able to afford the last six years of chemo for her0 -
gimmesometruth27 wrote:HeidiJam wrote:Thats why its best to take care of your self so you and your family is not affected by stupid shit like this.0
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HeidiJam wrote:gimmesometruth27 wrote:HeidiJam wrote:Thats why its best to take care of your self so you and your family is not affected by stupid shit like this."You can tell the greatness of a man by what makes him angry." - Lincoln
"Well, you tell him that I don't talk to suckas."0 -
Intent and purpose with the history of it here in the U.S.
http://en.wikipedia.org/wiki/Social_Sec ... ted_States)_____________________________________SIGNATURE________________________________________________
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gimmesometruth27 wrote:that is all well and good and beautiful, but the point remains, should the retirement and eligibility for medicare age be raised to 70? and by the way i take serious offense to your comment about "people like you". you don't know me and you don't know what my situation is. for being a single 35 year old man i'm actually set up fairly well. the point i am making is people in our society don't care about other people that need a helping hand. that is the bottom line. people that share your opinion are all about "i will never need that SS BS", but god forbid IF they ever get an illness in their family that drains all of those accounts. they will be crying for SS then. IMO this is the kind of thing that should be taught in schools. IMO the primary function of a school should be to prepare kids for adulthood and the responsibilites like personal finance they will encounter as an adult.
We should have seen SS would have been a distaster from the start. The population increases with welfare and gov programns increasing. People should read the richest man in babylon.0 -
sweet fn jesus, what's so bad about a society wanting to take care of the elderly...?
christ, some people are so fuckin selfish, all they care about is me and mine...fuck everyone else...
waaaaaa...I don't want to pay for others...waaaaaa...my hard-earned money...waaaaa....screw that 80 year old lady..what did she do for me...waaaaaa....0 -
inmytree wrote:sweet fn jesus, what's so bad about a society wanting to take care of the elderly...?
christ, some people are so fuckin selfish, all they care about is me and mine...fuck everyone else...
waaaaaa...I don't want to pay for others...waaaaaa...my hard-earned money...waaaaa....screw that 80 year old lady..what did she do for me...waaaaaa....0 -
HeidiJam wrote:inmytree wrote:sweet fn jesus, what's so bad about a society wanting to take care of the elderly...?
christ, some people are so fuckin selfish, all they care about is me and mine...fuck everyone else...
waaaaaa...I don't want to pay for others...waaaaaa...my hard-earned money...waaaaa....screw that 80 year old lady..what did she do for me...waaaaaa....
more whining...
typical, selfish whining...
and why do you have to take care of your family...? fuck 'em right....they can take care of themselves...right?
and you say I'm clueless...whine on, my friend...0 -
inmytree wrote:HeidiJam wrote:inmytree wrote:sweet fn jesus, what's so bad about a society wanting to take care of the elderly...?
christ, some people are so fuckin selfish, all they care about is me and mine...fuck everyone else...
waaaaaa...I don't want to pay for others...waaaaaa...my hard-earned money...waaaaa....screw that 80 year old lady..what did she do for me...waaaaaa....
more whining...
typical, selfish whining...
and why do you have to take care of your family...? fuck 'em right....they can take care of themselves...right?
and you say I'm clueless...whine on, my friend...0 -
inmytree wrote:HeidiJam wrote:No my 4 year old and 15 month old daughters can not take care of them selves.
teach them well, as no one will be there for them in their golden years...
I trust you'll not be sending them to taxpayer funded schools...
good luck...
Not if they want a good education.
I'm fine with contributing to the retirement of others. I wish that I was able to invest a portion of what they take from me through SS tax to invest on my own though. It only makes sense, which is why it'll never happen.hippiemom = goodness0 -
cincybearcat wrote:inmytree wrote:HeidiJam wrote:No my 4 year old and 15 month old daughters can not take care of them selves.
teach them well, as no one will be there for them in their golden years...
I trust you'll not be sending them to taxpayer funded schools...
good luck...
Not if they want a good education.
I'm fine with contributing to the retirement of others. I wish that I was able to invest a portion of what they take from me through SS tax to invest on my own though. It only makes sense, which is why it'll never happen.
I don't disagree...
personally, I'm putting 20% in my 401k (Both regular and Roth), plus another mandatory 7% toward a pension...
thus, my daily driver is a 1990 Jetta Diesel with no A/C...
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HeidiJam wrote:No my 4 year old and 15 month old daughters can not take care of them selves.
neither can the majority of the elderly. ever hear of a nursing home? this is why SS is so important. it is important to have some sort of quality of life and a way to make ends meet and pay for your life sustaining medication and care after working for 50 years."You can tell the greatness of a man by what makes him angry." - Lincoln
"Well, you tell him that I don't talk to suckas."0 -
norm wrote:my dad tried that but then my folks couldn't get health insurance...so reluctantly, he did and shortly thereafter my mom got cancer so in the end it was a good thing because otherwise my folks wouldn't have been able to afford the last six years of chemo for her
that seriously is terrible.
we all deserve quality fucking health care.
it cannot be that difficult can it?for poetry through the ceiling. ISBN: 1 4241 8840 7
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