Social Security to start cashing Uncle Sam's IOUs

TheMercenary · 03-18-2010, 11:43 AM

Quote:

Originally Posted by Clodfobble

Yeah, hopefully. I'm not saying we should get rid of Social Security, I'm saying I'm personally too cynical to count on it.

Save now and hope there will be something there, but like you I am not counting on it.

Spexxvet · 03-19-2010, 10:09 AM

Quote:

Originally Posted by TheMercenary

Save now and hope there will be something there, but like you I am not counting on it.

Where are you going to save? The stock market, that crashed? The bank, 30 of which have closed in 2010? My mattress, where its value won't increase? If retirement age were increased, and if there were a net worth maximum to recieve SS, there'd be money there when we retire.

Bullitt · 03-19-2010, 10:25 AM

I'm not counting on jack from SS. Started an IRA 5 years ago and fingers crossed that and a fire department pension will see me through the golden years.

piercehawkeye45 · 03-19-2010, 03:00 PM

Quote:

Originally Posted by Bullitt

I'm not counting on jack from SS.

Same here. We got to worry about paying off interest charges as well...

glatt · 03-19-2010, 03:38 PM

I'm not counting on it, but I'm hopeful.

When I was younger, I didn't think it would ever exist for me, and I would have welcomed its termination. But now that I've paid a metric ass ton into the system, I'm more and more interested in keeping the pyramid scheme going.

They send out those little annual reports about what your payments will be at age 72 if you continue earning your current salary. That amount would be very nice to get. I wonder if those are in today's dollars or in the future's dollars? I think they say I'm gonna get like $1500 a month. That might not be enough to buy a can of cat food in 30 years when I retire. Hopefully they will adjust for inflation, and I'll get $28,000 a month so I can afford 60 cans of cat food each month.

TheMercenary · 03-19-2010, 09:01 PM

Quote:

Originally Posted by glatt

They send out those little annual reports about what your payments will be at age 72 if you continue earning your current salary.

Propafuckingganda...

There is no way that money will be there like they say it will.

Spexxvet · 03-24-2010, 09:50 AM

Quote:

Originally Posted by TheMercenary

Propafuckingganda...

There is no way that money will be there like they say it will.

There are plenty of ways that money will be there like they say it will.

03-19-2010, 10:25 AM	#3
Bullitt This is a fully functional babe lair Join Date: Mar 2004 Location: Akron, OH Posts: 2,324	I'm not counting on jack from SS. Started an IRA 5 years ago and fingers crossed that and a fire department pension will see me through the golden years. __________________ Kiss my white Irish ass.

03-19-2010, 03:38 PM	#5
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I'm not counting on it, but I'm hopeful. When I was younger, I didn't think it would ever exist for me, and I would have welcomed its termination. But now that I've paid a metric ass ton into the system, I'm more and more interested in keeping the pyramid scheme going. They send out those little annual reports about what your payments will be at age 72 if you continue earning your current salary. That amount would be very nice to get. I wonder if those are in today's dollars or in the future's dollars? I think they say I'm gonna get like $1500 a month. That might not be enough to buy a can of cat food in 30 years when I retire. Hopefully they will adjust for inflation, and I'll get $28,000 a month so I can afford 60 cans of cat food each month.

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