Retire at age 70?

124»

Comments

  • mikepegg44mikepegg44 Posts: 3,353
    know1 wrote:
    mikepegg44 wrote:
    Why are people so content to let the government spend the money you earn? I bet if people had to write the checks themselves instead of their employer taking it out a whole lot more people would be angry about the waste in government

    They absolutely would. Same thing for just taxes in general and also employer provided health insurance. It's an automatic deduction that most people do not think about but if we were paid that money and then had to pay it back out, more people would be as upset as you and I are.


    nice to know someone feels the same way.
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • inmytreeinmytree Posts: 4,741
    mikepegg44 wrote:
    let me let you in on a little secret social security is failing without being private. So what is your solution? Keep throwing money into a program that is somehow running out of it even though we put money in it every day? Just raise taxes?
    Mine would be to let everyone plan their retirements on their own, why is that such a strange concept? there will still be welfare programs for those who need them. But lets be honest, I do believe and have done a better job managing my retirement from a young age than the government ever would have done with that money. Social security will not be there when I retire. Even though I am stuck putting money into it every two fucking weeks, money I could use to better my retirement situation for me and my family. It is a fucking joke of a program. Why are people so content to let the government spend the money you earn? I bet if people had to write the checks themselves instead of their employer taking it out a whole lot more people would be angry about the waste in government

    my solution...cut into military spending and fund SS...ouch, that was hard...

    your solution...um...let folks plan themselves...fine, no one is stopping you...what do we do with those currently receiving SS or are nearing retirement age...?

    it's funny that some have a hard time looking outside of themselves, as if they know all the answers...so often, when I read responses about SS, "I" is just a big factor in the answer...
  • inmytreeinmytree Posts: 4,741
    know1 wrote:
    inmytree wrote:

    here we go again...the better way brigade is here...

    tell me you solution again...? was it to get rid of SS and privatize it...?

    yeah, that sounds like a great plan...how's that stock market doing again...?

    Do you think the only way to save for retirement is the stock market? If I had such a limited view, then perhaps I'd oppose it as well.

    Furthermore, for someone not very close the retiring, the fact that the stock market is staying low means I can buy more shares at a lower cost which should pay dividends later. But as I move closer to retirement, the stock market plays less of a role.

    (Plus, retirement shouldn't be in individual stocks anyway)

    again..nothing, nada, zilch...

    share your solutions, please...
  • mikepegg44mikepegg44 Posts: 3,353
    inmytree wrote:
    my solution...cut into military spending and fund SS...ouch, that was hard...

    your solution...um...let folks plan themselves...fine, no one is stopping you...what do we do with those currently receiving SS or are nearing retirement age...?

    it's funny that some have a hard time looking outside of themselves, as if they know all the answers...so often, when I read responses about SS, "I" is just a big factor in the answer...
    so your solution to how to fix a problem of a program that pays out more than it takes in is give it MORE money. where do you find the cuts in the military budget? pease share them, personally I agree that the money spent on the two wars we are currently fighting could certainly be put to better use, but holding up a broken program seems like craziness,
    if you read any of my previous responses you would see thatI have already answered the question about what to do with the people now who are close to retirement. We cannot stop the program cold turkey, what we need to do is anyone who is under the age of 18 now or has never put money into the social security program can no longer do it. I should be able to choose to continue the program or not, if I choose not to, I should get tax credits that off set the money I have already contributed to social security. Unfortunately for the forseeable future it will have to be propped up, but eventually we will be completely out of the SS fiasco and on to people taking responsibility for themselves. I don't have a hard time looking outside of myself, I think it would make everyone better if they were forced to be responsible for their own retirement. And there are also other programs, like welfare, EBT, and others for seniors that need them. Those that have contributed should get what they have contributed. Seems like a solution to me. But then again, it must be selfish to want to keep what I earned and put that money to work for me and my family. Geez how selfish of me. In order for me to not be selfish do I have to want to give money to people who may have not been responsible in their life, who may have traveled their whole lives and never saved a dime. Maybe I wanted to do that but instead I decided I will wait until I retire and put that money to good use. It is all how you look at it, but I can promise you I am not selfish in the least, I don't my time and money to many different causes. I just don't want people to tell me I have to, or where my money should go any more than absolutely necessary.
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • know1know1 Posts: 6,794
    inmytree wrote:
    mikepegg44 wrote:
    let me let you in on a little secret social security is failing without being private. So what is your solution? Keep throwing money into a program that is somehow running out of it even though we put money in it every day? Just raise taxes?
    Mine would be to let everyone plan their retirements on their own, why is that such a strange concept? there will still be welfare programs for those who need them. But lets be honest, I do believe and have done a better job managing my retirement from a young age than the government ever would have done with that money. Social security will not be there when I retire. Even though I am stuck putting money into it every two fucking weeks, money I could use to better my retirement situation for me and my family. It is a fucking joke of a program. Why are people so content to let the government spend the money you earn? I bet if people had to write the checks themselves instead of their employer taking it out a whole lot more people would be angry about the waste in government

    my solution...cut into military spending and fund SS...ouch, that was hard...

    your solution...um...let folks plan themselves...fine, no one is stopping you...what do we do with those currently receiving SS or are nearing retirement age...?

    it's funny that some have a hard time looking outside of themselves, as if they know all the answers...so often, when I read responses about SS, "I" is just a big factor in the answer...

    I agree with you about military spending. It's way over the top just like everything else the government is doing.

    The sad thing is, this pathetic government isn't even using taxes to fund the war. They're doing that on loans. We could cut out military spending completely and it wouldn't affect Social Security one bit unless we were borrowing that money to fund Social Security...which really wouldn't be a solution, would it.

    How much money am I or the government borrowing to fund my retirement? NOTHING.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • know1know1 Posts: 6,794
    inmytree wrote:
    know1 wrote:
    inmytree wrote:

    here we go again...the better way brigade is here...

    tell me you solution again...? was it to get rid of SS and privatize it...?

    yeah, that sounds like a great plan...how's that stock market doing again...?

    Do you think the only way to save for retirement is the stock market? If I had such a limited view, then perhaps I'd oppose it as well.

    Furthermore, for someone not very close the retiring, the fact that the stock market is staying low means I can buy more shares at a lower cost which should pay dividends later. But as I move closer to retirement, the stock market plays less of a role.

    (Plus, retirement shouldn't be in individual stocks anyway)

    again..nothing, nada, zilch...

    share your solutions, please...

    You don't seem interested in solutions. You're just waiting to call someone selfish or heartless if they want to think outside the box of having the government dictate and control our post-work lives. The fact is, a discussion about saving for retirement has nothing to do with how selfish one is or how much they give to help others.

    I do have a solution. It's working great for me. I should have a very large retirement fund at some point in my life. Do you know what I did? I've been putting 15% of my income toward retirement since the first day I was working after I left college.

    I know that we can't turn off social security for everyone like a lightswitch, but instead of raising the retirement age continually, why don't we stop social security eligibility for everyone under a certain age like 30, 35, or even 40?
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • CosmoCosmo Posts: 12,225
    know1 wrote:
    You don't seem interested in solutions. You're just waiting to call someone selfish or heartless if they want to think outside the box of having the government dictate and control our post-work lives. The fact is, a discussion about saving for retirement has nothing to do with how selfish one is or how much they give to help others.

    I do have a solution. It's working great for me. I should have a very large retirement fund at some point in my life. Do you know what I did? I've been putting 15% of my income toward retirement since the first day I was working after I left college.

    I know that we can't turn off social security for everyone like a lightswitch, but instead of raising the retirement age continually, why don't we stop social security eligibility for everyone under a certain age like 30, 35, or even 40?
    ...
    I think the problem is...
    What are those 40 and under probably going to do with the funds they are currently paying into the Social Security system, if they get paid directly instead?
    If you said, 'Spend it', you're probably right.
    So... what happens to them when they don't save it (as they should) for their retirement and reach the ages of 60, 65, 70? Should we just let them live inextreme poverty til they die for being foolish? Or maybe, they should become burdens to their kids or something.
    ...
    I hear a lot about 'Nanny State' and Government run... we wouldn't need a Nanny State if all of us took care of ourselves. Problem is... some of us don't. And how can we call ourselves that 'Shining City on the Hill' if we let our old peopole die in our streets because they were fools in their younger days?
    ...
    I agree with you... I'm in pretty good shape here as far as my personal savings and 30 years plus of a pension. But I know reality... and I know people. If given the money today... it's going to that 46 inch flat screen and the latest game console.
    Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
    Hail, Hail!!!
  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,303
    inmytree wrote:

    my solution...cut into military spending and fund SS...ouch, that was hard...

    DING DING DING DING.....

    i think we have a winner here. cut some of that 700 billion dollar budget from the pentagon, stop researching the "star wars the next generation" missle defense shield in poland, stop dumping a billion dollars every couple of months into those sand pits called iraq and afghanistan, stop giving a billion to israel, get out troops off of the korean border and out of germany, and start saving some serious money on defense spending...
    "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."
  • BlockheadBlockhead Posts: 1,538
    inmytree wrote:

    my solution...cut into military spending and fund SS...ouch, that was hard...

    DING DING DING DING.....

    i think we have a winner here. cut some of that 700 billion dollar budget from the pentagon, stop researching the "star wars the next generation" missle defense shield in poland, stop dumping a billion dollars every couple of months into those sand pits called iraq and afghanistan, stop giving a billion to israel, get out troops off of the korean border and out of germany, and start saving some serious money on defense spending...
    Wow great solution, lets take money from somewhere and put it somewhere else, Can't you see that putting money into gov systems is not always a good thing. Here were are, you want to continue to put money into the program instead of educating people on how to save for their OWN retirement. And for once let people learn how to take care of them selves. Once people learn how to take responsibility for thier money and actions/life choices they don't need to rely on programs such as SS to help them live when they retire. Has pumping money into welfar bettered those people off??? No, now we have generation after generation living off welfar and now it has turned into a lifestyle. THe most sucessfull people I know and have ever met are the ones that take personal responsibility and don't have to worry about things like reitrement and ss because, guess what... They were responsible with their money. WHy are you so critical on what the goverment spends their money on yet people who have thier whole life to save, yet don't save get a free pass from you??
  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,303
    HeidiJam wrote:
    inmytree wrote:

    my solution...cut into military spending and fund SS...ouch, that was hard...

    DING DING DING DING.....

    i think we have a winner here. cut some of that 700 billion dollar budget from the pentagon, stop researching the "star wars the next generation" missle defense shield in poland, stop dumping a billion dollars every couple of months into those sand pits called iraq and afghanistan, stop giving a billion to israel, get out troops off of the korean border and out of germany, and start saving some serious money on defense spending...
    Wow great solution, lets take money from somewhere and put it somewhere else, Can't you see that putting money into gov systems is not always a good thing. Here were are, you want to continue to put money into the program instead of educating people on how to save for their OWN retirement. And for once let people learn how to take care of them selves. Once people learn how to take responsibility for thier money and actions/life choices they don't need to rely on programs such as SS to help them live when they retire. Has pumping money into welfar bettered those people off??? No, now we have generation after generation living off welfar and now it has turned into a lifestyle. THe most sucessfull people I know and have ever met are the ones that take personal responsibility and don't have to worry about things like reitrement and ss because, guess what... They were responsible with their money. WHy are you so critical on what the goverment spends their money on yet people who have thier whole life to save, yet don't save get a free pass from you??
    because it is an entitlement program that is to be funded by the government to take care of the old and disabled and those that can't work or have never been able to work. so fund the fucking thing by taking away the biggest wastes of money in the world, defense, war, supporting foreign regimes, etc. you are not going to change my mind or convince me otherwise, so you can save it.
    "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."
  • mikepegg44mikepegg44 Posts: 3,353
    Cosmo wrote:
    know1 wrote:
    You don't seem interested in solutions. You're just waiting to call someone selfish or heartless if they want to think outside the box of having the government dictate and control our post-work lives. The fact is, a discussion about saving for retirement has nothing to do with how selfish one is or how much they give to help others.

    I do have a solution. It's working great for me. I should have a very large retirement fund at some point in my life. Do you know what I did? I've been putting 15% of my income toward retirement since the first day I was working after I left college.

    I know that we can't turn off social security for everyone like a lightswitch, but instead of raising the retirement age continually, why don't we stop social security eligibility for everyone under a certain age like 30, 35, or even 40?
    ...
    I think the problem is...
    What are those 40 and under probably going to do with the funds they are currently paying into the Social Security system, if they get paid directly instead?
    If you said, 'Spend it', you're probably right. So... what happens to them when they don't save it (as they should) for their retirement and reach the ages of 60, 65, 70? Should we just let them live inextreme poverty til they die for being foolish? Or maybe, they should become burdens to their kids or something. ...
    I agree with you... I'm in pretty good shape here as far as my personal savings and 30 years plus of a pension. But I know reality... and I know people. If given the money today... it's going to that 46 inch flat screen and the latest game console.
    Who's fault is that? at that point do we give someone more for them being idiots? that seems like a bad way to govern. the reason people behave that way is because they are constantly bailed out for their mistakes. It is the same things with big business, do you think they are going to learn anything when they are bailed out for being morons?

    Should we just let them live inextreme poverty til they die for being foolish?
    No, but I guess they are going to have to work to supplement what they cannot live on from the welfare their particular state gives them.
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
Sign In or Register to comment.