Jessica

i don't care how its fixed, as long as i get the money i put into it. but that probably won't happen.

LT

RothIRA 4 Lyfe!!~~!!~~`111

DakarM

watch out for the tax (unless it's RothIRA)

DakarM

:werd: homie.

My plan is 3 fold. 401K at work (I will continue when I find a permanent position), RothIRA with max contribution each year, and real estate.

The main funds for retirement will come from real estate. RothIRA will be my fun money and 401K will be extra cheese since it will be the smallest amount.

ED9man

:werd:
It would be nice if you just didn't pay, you got nothing when you retired.

Epoch

Well, it's amusing because while even though trade liberalization has a very "liberal" definition and name, it's very rarely trumpeted by those godless americans called Democrats :chuckles: Trade liberalization, and the result of this being unregulated and free markets, causes massive financial stratification and erroding of local markets and economies in favor of the larger corporations who are able to deliver in bulk. The devastation of local markets and economies, plus the wealth concentration in the top 1% of corporate managers, is rather against the current "liberal" cause....


Of course, I think you knew all of this and you were just being facetious. This is more of an economic lesson for those who didn't know

Bl@ck

They're trumpeting private accounts because it's more likely to pass and is a step, granted a baby step, in the right direction. to most democrats, removing a social program altogether(wether it is working or not, more than likely not) is second only to very bad violation of a child.

my point with my original post is that you are generally the one trumpeting about how wealth distribution is such a grand idea. This is definately more on the conservative side than your usual rhetoric.

wedley2

i have no clue where my taxes goto im just being an american

Epoch

That's the problem though... rational economists are speaking, but the voices of those who are clamoring to make money over this whole thing are drowning them out h:

That's not to say I don't think things should be tweaked and fixed (Namely, return it to being entirely a social fund, and not another coffer for the gov't). In fact, every social program we have can use some work. I just happen to think that Privatization is the wrong course because it doesn't actually solve any problems for people who are making under 60K per year, and those are the people who need it most.

And yes, I'm a 22 year old, so it will be quite a while before I need to collect on any social security... and if all goes well by the time I'm elegable, I could turn all that SS money around and put it into charities. But currently I happily pay into it because I believe in supporting people who have worked their whole lives... It's the least we could do for those people...






And the funny thing is, if we repealed Bush's tax cuts, we wouldn't have this problem.... it's a self-made crisis....

Baget

http://www.heritage.org/research/fea...ocialsecurity/

Now i didn't read much of this thread.. but i did read about how old people suck. And i just had a very interesting philosphy lecture on this sort of thing.

I can see both sides, medicine makes people live longer and it costs SOOO much more money in the long run omg. Anyone with a family member in ICU or even just in the hospital can attest to that.

But on the flip side they are americans and they paid their SS just like you and they have more than likely, not knowing your situation at all, have done alot more for this country than you have to date.

Very difficult question but having it be personal "ss accounts" is definately the wrong way to go. Uping the age a bit is a good idea and i think a better idea is to start having a mandatory class in HS about being fiscally responsible or something so many kids don't have a clue how to handle money any more and that just makes the problem worse IMO.

2 cents contributed.