this year 78 million "boomers" go into retirement, this will put massive strain on our social security system.

what do u think is the current state of S.S. ? and how do u think we can fix it?

 

At the current rate I have zero faith in Social Security being there when I retire.

To fix it we need a combination of increased social security tax, increased amount of payroll to tax, raising of the retirement age, decrease of benefits, ability to privatize some of your social security payments.

 

Raise taxes, lower benefits.

Or just scrap the entire system :chuckles:

 

this is such a hard thing to repair ... you can't dismantle it because the elderly can't survive without it. You can't keep it as is, because it will go dry eventually.

I'm looking forward to your possible suggestions, I'm clueless on what to think about this.

 

I don't think there is a way to fix the Social Security system.

Thank god I don't pay into SS. I'm technically a state university employee, and for the past 7 years have been paying into that retirement system.

 

http://www.cnn.com/ALLPOLITICS/stori...lus/index.html

Hmmm...I wonder where all that money to keep social security going until 2053 went?

Oh yeah, now I remember...

 

private accounts? invest, make qualifying for disablilty alot harder,

 

disability, ssi is something that really needs to be investigated and redone. there r so many deadbeats on it. drug/alcohol addicts get on it for stupid things.ie head aches, back pain when they r just plain lazy. also once they r on it they stay on it, even if in prison. mel ignato killed his girlfriend here in the 80s i think. he is on disability for 2 things, one being arthritis in his spine. he collected it and still does when he was put in jail for perjury. he use to be a millionaire. leave medicare and social security alone. medicaid is needing a revamp too. too many illegals and deadbeats r running up medical bills on the tax payers tab.

the politicians wont do anything about it they r not in the social security system. their retirement is funded by the taxpayers as is their health plans so there is no incentive to make any quality revisions. social security and medicare work just fine they need to be left alone.

 

Don't count on it...at all. Soon there will be more people taking out of it then there is putting in. Hope y'all have a plan

 

i doubt there will be anything left for our generation not only that, the US also has a couple trillion dollars in deficits to pay off *Im sure i spelt that wrong but sound it out h:*

because i dont plan on the SS being there whenever i do retired, i have a retirement plan in the works h: