If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Marketwatch)   Hmm... turns out some people actually NEED Social Security. Who knew?   (marketwatch.com) divider line 100
    More: Obvious, social security, Related Planning Topics Explained, Social Security Reform, T. Rowe Price, Social Security benefits, middleclass, SSA, basic income  
•       •       •

2659 clicks; posted to Politics » on 26 Aug 2013 at 3:03 PM (47 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



100 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | » | Last | Show all
 
2013-08-26 02:40:43 PM
I absolutely depend on it.  Without it, my MIL would be living in my house.
 
2013-08-26 03:05:15 PM
The God-forsaken heathen need Social Security. The rest of us can get by with Supply-Side Jeezus's help.
 
2013-08-26 03:07:05 PM
I NEED to be able to put 6.5% of my income into a proper retirement account.
 
2013-08-26 03:08:23 PM
It was 90% or more of income for 22% of aged beneficiary couples and 45% of aged nonmarried beneficiaries. Total income excludes withdrawals from savings and nonannuitized IRAs or 401(k) plans; it also excludes in-kind support, such as food stamps and housing and energy assistance.

Why?
 
2013-08-26 03:08:24 PM
Expand and strengthen Social Security.
 
2013-08-26 03:08:24 PM

EvilEgg: I absolutely depend on it.  Without it, my MIL would be living in my house.


my mother in law isn't old enough for it yet but the way she blows through money I doubt she will have a dime when retirement time comes. If you gave her full control of her retirement she'd have cash advanced it long ago.
 
2013-08-26 03:08:46 PM
Need it or not, I paid for it, so if the government doesn't want to give it to me, then give me all of that money back with interest and we'll call it even.
 
2013-08-26 03:09:26 PM
Sure. We call them "lazy people."
 
2013-08-26 03:10:01 PM

jigger: I NEED to be able to put 6.5% of my income into a proper retirement account.


And here we go.
 
2013-08-26 03:10:26 PM

jigger: I NEED to be able to put 6.5% of my income into a proper retirement account


Does your employer offer a 401K or other retirement account?  I put 10% into a 401K every pay period and my employer matches 3%.  You may want to consider contributing more than just 6.5% though.  I am depending on my 401K along with my Social Security for when I get older.
 
2013-08-26 03:11:10 PM
What would Ayn Rand say about this?
 
2013-08-26 03:11:50 PM

Fark It: It was 90% or more of income for 22% of aged beneficiary couples and 45% of aged nonmarried beneficiaries. Total income excludes withdrawals from savings and nonannuitized IRAs or 401(k) plans; it also excludes in-kind support, such as food stamps and housing and energy assistance.

Why?


Because those things are also available to the non-SS-eligible crowd?

// I suspect
// you CAN withdraw early from your 401(k)/IRA, and just pay a penalty for it, correct?
// or is that only 401(k)?
 
2013-08-26 03:12:22 PM
47%ers?
 
2013-08-26 03:15:49 PM
I love people who say, SS won't be there for me.

haha, only if you keep voting republican stupid.
 
2013-08-26 03:16:28 PM

Tyrano Soros: What would Ayn Rand say about this?


Woohoo now i can buy more smokes
 
2013-08-26 03:16:53 PM
All the more reason to fix it. Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.
 
2013-08-26 03:17:38 PM

jigger: I NEED to be able to put 6.5% of my income into a proper retirement account.


I was unaware that that was somehow forbidden.  Apparently I am a scofflaw.
 
2013-08-26 03:17:44 PM

Headso: EvilEgg: I absolutely depend on it.  Without it, my MIL would be living in my house.

my mother in law isn't old enough for it yet but the way she blows through money I doubt she will have a dime when retirement time comes. If you gave her full control of her retirement she'd have cash advanced it long ago.


Some people would do this.  My MIL would give it to her kids, which is nice, but ultimately self defeating.
 
2013-08-26 03:18:22 PM
I feel like a lot of younger people dislike Social Security not because it's taking money out of their pockets now but because they seriously doubt it will be there for them when it's their turn to.
 
2013-08-26 03:18:41 PM
Step 1) Privatize SS
2) Wait for the next inevitable bank crash
3) Pour billions and billions into the banks to shore up retirement funds
4) Oh, you better farking believe profit

You think social security is "expensive"? Wait until it's privatized.
 
2013-08-26 03:18:52 PM

Pincy: jigger: I NEED to be able to put 6.5% of my income into a proper retirement account.

And here we go.


The ones who don't realize that Social Security isn't "investment", but "insurance". One of those people.
"Investment" is legalized gambling.
 
2013-08-26 03:19:01 PM
I'm going to rely on a pistol, a box of ammo, and a list of y'all's addresses for retirement.
 
2013-08-26 03:19:23 PM

Dr Dreidel: Fark It: It was 90% or more of income for 22% of aged beneficiary couples and 45% of aged nonmarried beneficiaries. Total income excludes withdrawals from savings and nonannuitized IRAs or 401(k) plans; it also excludes in-kind support, such as food stamps and housing and energy assistance.

Why?

Because those things are also available to the non-SS-eligible crowd?


Well, I think the question is why would you phrase it as if 22% of couples / 45% of singles rely solely on SS, when you're not actually considering withdrawals from personal savings? Hell, I don't know why the number isnt higher, then. I mean, if I accumulate $3MM in an IRA/401K by retirement, and then pull out $100k per year, I'd still be counted as one who draws 90% of my income from SS? Makes no sense.
 
2013-08-26 03:19:26 PM

Debeo Summa Credo: Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.


You're like a human superball just bouncing from one giant wrong to another.  Chained CPI.  C'mon.  This time you're kidding, right?
 
2013-08-26 03:19:35 PM

Debeo Summa Credo: All the more reason to fix it. Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.


How nice, chained CPI that expects you to just eat cat food so that your living expenses remain low...

How about an actual solution, like an increase on the tax cap.
 
2013-08-26 03:21:07 PM
I NEED to be able to put 6.5% of my income into a proper retirement account.

lol if you don't already
 
2013-08-26 03:21:42 PM

rewind2846: Pincy: jigger: I NEED to be able to put 6.5% of my income into a proper retirement account.

And here we go.

The ones who don't realize that Social Security isn't "investment", but "insurance". One of those people.
"Investment" is legalized gambling.


Canada made a smart decision when they named their program accurately, as Social Insurance.
 
2013-08-26 03:22:34 PM

Tyrano Soros: What would Ayn Rand say about this?


More than likely, "GIMME GIMME GIMME GIMME GIMME GIMME GIMME GIMME GIMME..."

I mean, she used more words to say it in her fiction, but it boiled down to that message, especially come Social Security check time.
 
2013-08-26 03:22:50 PM

JolobinSmokin: I love people who say, SS won't be there for me.

haha, only if you keep voting republican stupid.


This.

Well, Republicans or Cory Booker... or Ed Rendell... or Mark Warner...
 
2013-08-26 03:23:55 PM
straw man argument.

people need/ want the money the government takes from them and promises to give back later.

What republicans say: don't take the money from us initially.  Let us invest it and we will get a much bigger return on that money.  We can provide a bigger monthly return to ourselves with the same money if we are left to invest it on our own.

What subby is saying: republicans want to end social security so no one gets any money for retirement.
 
2013-08-26 03:25:24 PM

Debeo Summa Credo: All the more reason to fix it. Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.


It was solvent until the bozos started using it like a bank. You wana know how to fix social security? Raise the income cap for the tax and put a hard cap on monthly benefits like they do with GS salaries.

Imagine if we privatized SS in 2005ish, right before the stock market crash. There would be a run on fancy feast and seagrams because the baby boomers would be out on the street with no safety net.

Since I can't quote multiple people on my phone, to the guy that wants a refund: most people get more back from social security, including if you count interest, then they put in. However, its not a retirement account, its a tax on the working populace to support the oldsters who are too old to work.
 
2013-08-26 03:25:41 PM

SlothB77: straw man argument.

people need/ want the money the government takes from them and promises to give back later.

What republicans say: don't take the money from us initially.  Let us invest it and we will get a much bigger return on that money.  We can provide a bigger monthly return to ourselves with the same money if we are left to invest it on our own.

What subby is saying: republicans want to end social security so no one gets any money for retirement.


That's because they are lying.
 
2013-08-26 03:27:15 PM

SlothB77: straw man argument.

people need/ want the money the government takes from them and promises to give back later.


If any of that drivel is true, then why was SS established initially?
 
2013-08-26 03:32:52 PM

Muta: jigger: I NEED to be able to put 6.5% of my income into a proper retirement account

Does your employer offer a 401K or other retirement account?  I put 10% into a 401K every pay period and my employer matches 3%.  You may want to consider contributing more than just 6.5% though.  I am depending on my 401K along with my Social Security for when I get older.


You might like it, but those that don't are forced to "invest" in it anyway.

BSABSVR: jigger: I NEED to be able to put 6.5% of my income into a proper retirement account.

I was unaware that that was somehow forbidden.  Apparently I am a scofflaw.


It depends on WHICH 6.5% you think you're entitled to invest as you see fit.
 
2013-08-26 03:32:56 PM
If they'd left the death panels in Obamacare the future for Social Security would be much healthier.
 
2013-08-26 03:36:29 PM

Jackson Herring: I NEED to be able to put 6.5% of my income into a proper retirement account.

lol if you don't already


I do. I gotten 19.9% and 22% return so far this year on those accounts. But I mean THAT 6.5%.
 
2013-08-26 03:38:06 PM

SlothB77:   Let us invest it


after you lose it all what happens then?
 
2013-08-26 03:40:11 PM

gochuck: Debeo Summa Credo: All the more reason to fix it. Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.

How nice, chained CPI that expects you to just eat cat food so that your living expenses remain low...

How about an actual solution, like an increase on the tax cap.


In other words, "gimme".

You want others to pay more because you aren't willing/havent been willing to pay enough for yourself.

Lets have a real solution that recognizes that SS COLA adjustments have outpaced actual increases in cost of living allowing for substitution, recognizes increases in life expectancy, and seeks to keep SS as a self sustaining insurance program rather than a welfare program.
 
2013-08-26 03:40:27 PM
Obviously those people didn't pray hard enough
 
2013-08-26 03:41:25 PM
You lazy libs need to acquire generational wealth for your family instead of depending on government handouts.
 
2013-08-26 03:42:28 PM
im.rediff.com

"I don't understand. I had a 22% return in the second quarter of '29."
 
2013-08-26 03:43:57 PM

zeroman987: Debeo Summa Credo: All the more reason to fix it. Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.

It was solvent until the bozos started using it like a bank. You wana know how to fix social security? Raise the income cap for the tax and put a hard cap on monthly benefits like they do with GS salaries.

Imagine if we privatized SS in 2005ish, right before the stock market crash. There would be a run on fancy feast and seagrams because the baby boomers would be out on the street with no safety net.

Since I can't quote multiple people on my phone, to the guy that wants a refund: most people get more back from social security, including if you count interest, then they put in. However, its not a retirement account, its a tax on the working populace to support the oldsters who are too old to work.


It's not solvent because the tax rate hasn't gone up with increases in life expectancy. It has nothing to do with "using it as a bank". The social security trust fund has ious from the treasury - those are considered in the solvency of SS.

Let's be responsible and fix SS so the people who benefit from it pay enough into it. Raise the rate, raise the age, chained CPI. If we don't have the guts to make those responsible decisions then fark it, Im with the GOP. Privatize it and let me keep my money.
 
2013-08-26 03:44:51 PM

Debeo Summa Credo: Lets have a real solution that recognizes that SS COLA adjustments have outpaced actual increases in cost of living allowing for substitution


www.petco.com
 
2013-08-26 03:45:56 PM

Wendy's Chili: Debeo Summa Credo: Lets have a real solution that recognizes that SS COLA adjustments have outpaced actual increases in cost of living allowing for substitution


Youre saying of cat food goes up people will switch to something that hasn't gone up as much, like steak? Because that's how it works.
 
2013-08-26 03:46:27 PM

Debeo Summa Credo: gochuck: Debeo Summa Credo: All the more reason to fix it. Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.

How nice, chained CPI that expects you to just eat cat food so that your living expenses remain low...

How about an actual solution, like an increase on the tax cap.

In other words, "gimme".

You want others to pay more because you aren't willing/havent been willing to pay enough for yourself.

Lets have a real solution that recognizes that SS COLA adjustments have outpaced actual increases in cost of living allowing for substitution, recognizes increases in life expectancy, and seeks to keep SS as a self sustaining insurance program rather than a welfare program.


You know we have a price index for elderly spending
 
2013-08-26 03:46:30 PM
Mine!  Mine!  Mine!

I live on an island in a bubble!
 
2013-08-26 03:46:38 PM

Tyrano Soros: What would Ayn Rand say about this?


I'm old, gimmee gimmee gimmee!
 
2013-08-26 03:47:51 PM

Wendy's Chili: Debeo Summa Credo: Lets have a real solution that recognizes that SS COLA adjustments have outpaced actual increases in cost of living allowing for substitution

[350x350 from http://www.petco.com/assets/product_images/0/050000040704C.jpg image 350x350]


www.savingwithshellie.com
Cures everything
 
2013-08-26 03:48:14 PM
And here come the hedge funds, bankers and foreigners for your Social Security. Let the money pile up and these folks are on it like a wolf on carrion.
 
2013-08-26 03:49:14 PM

CPennypacker: Debeo Summa Credo: gochuck: Debeo Summa Credo: All the more reason to fix it. Chained CPI, increase the age by another year or two, increase tax rate from 6.2% by 0.1% per year until actuarially solvent.

How nice, chained CPI that expects you to just eat cat food so that your living expenses remain low...

How about an actual solution, like an increase on the tax cap.

In other words, "gimme".

You want others to pay more because you aren't willing/havent been willing to pay enough for yourself.

Lets have a real solution that recognizes that SS COLA adjustments have outpaced actual increases in cost of living allowing for substitution, recognizes increases in life expectancy, and seeks to keep SS as a self sustaining insurance program rather than a welfare program.

You know we have a price index for elderly spending


But switching to CPI-E wouldn't result in more dumb money for Wall Street to play with.
 
Displayed 50 of 100 comments

First | « | 1 | 2 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report