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re: The Coming Social Security Crisis

Posted on 3/28/24 at 9:22 am to
Posted by Zarkinletch416
Deep in the Heart of Texas
Member since Jan 2020
8422 posts
Posted on 3/28/24 at 9:22 am to
The Social Security Program is a decent retirement plan funded through employee-employer contributions. It is administered by the govenment - therein lies the root cause of the S/S crisis - the government.
Posted by IamNotaRobot
OKC
Member since Nov 2021
263 posts
Posted on 3/28/24 at 11:14 am to
It was a decent program. Before private retirement services became a thing. SS is a losing financial vehicle and if you expect it to pay for your retirement in the next 20 years good luck with that. Maybe there will be just enough left over to occasionally enjoy your old man’s McDonalds breakfast but prol have to bring your own coffee and order the McMuffin a la carte.
Posted by Taxing Authority
Houston
Member since Feb 2010
57441 posts
Posted on 4/3/24 at 11:30 am to
quote:

The Social Security Program is a decent retirement plan funded through employee-employer contributions.
No. The ROI absolutely sucks. If i had been able to put my SS taxes into a pribvate investment fund… I have paid in all I can expect from SS by 33 years old.
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