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01-08-2015, 08:05 AM
(01-08-2015, 12:42 AM)fromtheplaines Wrote: What would you replace it with?
Nothing.
If we have learned anything in the last 2 decades, i.e. see Illinois Teacher's pension, is if you are under 40 and think Social Security, Government Pension, or even a company pension will be there for your retirement you had better start stocking up on Ramen noodles.
Personal responsibility. 10% of your paycheck should be going into a 401K. If there is none at your job, then do it yourself through an IRA or whatever instrument is available.
And guess what, if they stopped taking out money for SS you would have more than 10% to put in the 401K, and you would have a very nice nest egg in 25 years.
Just like the Illinois democrats stole the teacher's money, the federal democrats stole your SS money.
And you may say what about the people who don't know how to do that? You mean the people who don't know how to pick up a phone and call a financial adviser? That's like saying I can ever own a gun because I don't know how to call Red Dot.
(01-08-2015, 12:42 AM)fromtheplaines Wrote: What would you replace it with?
Nothing.
If we have learned anything in the last 2 decades, i.e. see Illinois Teacher's pension, is if you are under 40 and think Social Security, Government Pension, or even a company pension will be there for your retirement you had better start stocking up on Ramen noodles.
Personal responsibility. 10% of your paycheck should be going into a 401K. If there is none at your job, then do it yourself through an IRA or whatever instrument is available.
And guess what, if they stopped taking out money for SS you would have more than 10% to put in the 401K, and you would have a very nice nest egg in 25 years.
Just like the Illinois democrats stole the teacher's money, the federal democrats stole your SS money.
And you may say what about the people who don't know how to do that? You mean the people who don't know how to pick up a phone and call a financial adviser? That's like saying I can ever own a gun because I don't know how to call Red Dot.
Nothing.
If we have learned anything in the last 2 decades, i.e. see Illinois Teacher's pension, is if you are under 40 and think Social Security, Government Pension, or even a company pension will be there for your retirement you had better start stocking up on Ramen noodles.
Personal responsibility. 10% of your paycheck should be going into a 401K. If there is none at your job, then do it yourself through an IRA or whatever instrument is available.
And guess what, if they stopped taking out money for SS you would have more than 10% to put in the 401K, and you would have a very nice nest egg in 25 years.
Just like the Illinois democrats stole the teacher's money, the federal democrats stole your SS money.
And you may say what about the people who don't know how to do that? You mean the people who don't know how to pick up a phone and call a financial adviser? That's like saying I can ever own a gun because I don't know how to call Red Dot.