POLL: If offered two options from politicians for your retirement which would you choose?

[BluesLegend]

You don't realize that Plan A is very close to our current SS?

Ahem, yes he's mocking SS, also known as Congress piggy bank for whatever spending.

 

[Papageorgio]

… and a general waste of bandwidth.

So are you but, you are a cheap laugh.

 

[Admiral Rockwell Tory]

Ahem, yes he's mocking SS, also known as Congress piggy bank for whatever spending.

Yes, but his proposal B is a fantasy. He uses 11 year old links to justify it, but has no idea how Brandon's economy has destroyed it's worth.

 

[BluesLegend]

Yes, but his proposal B is a fantasy. He uses 11 year old links to justify it, but has no idea how Brandon's economy has destroyed it's worth.

^^^ Admiral makes an excellent point. Government is jacking up taxes on your retirement savings via the hidden backdoor by printing money and driving inflation through the roof.

 

[Clipper]

PLAN A:

• Your are forced to contribute over 6% of every dollar you earn over your entire career to the plan
• If you die before retirement age you get none of it back.
• Your death benefit is $255
• Your expected monthly retirement is between $1000 and $1800 per month.
• You can't leave any of the hundreds of thousands you contributed to your heirs upon death. It's gone.

PLAN B:

• You are forced contribute over 6% of every dollar you earn over your entire career to the plan
• If you die before retirement age you get no monthly income....but
• Your death benefit is up to $215,000
• Your expected monthly retirement is between $1500 and $6000
• Once you die, at any age, the amount you have contributed PLUS any gains can be left to your heirs.

A worker in their 20's who invests in a Roth & contributes religiously to it until age 65 will do far better then the fantasy that you proposed in Plan B, short for bullshit.

 

[sartre play]

In real life nothing is equal for all people.
Doing the best possible to make every one have a safety net is what Social Security is about.
If you are a great inheritor, saver & earner and you have all the money you need to retire, why would you begrudge those not able to inherit, save or earn as well as you,
Getting the SS money so they don't have to go on welfare or live under a bridge when unable to no longer work.

 

[Nostra]

Yes, but his proposal B is a fantasy. He uses 11 year old links to justify it, but has no idea how Brandon's economy has destroyed it's worth.

Not fantasy Simp, a real world example.

Feel free to back up your claim it has been destroyed.

 

[Nostra]

A worker in their 20's who invests in a Roth & contributes religiously to it until age 65 will do far better then the fantasy that you proposed in Plan B, short for bullshit.

So you favor doing away with SS.

If they would do much better than B, they would be light years better than A.

 

[Mac1958]

Your defklection and personal bias to exaggerate are noted.

I don't know what you're talking about, but I don't care.

Great talk.

 

[Lesh]

A worker in their 20's who invests in a Roth & contributes religiously to it until age 65 will do far better then the fantasy that you proposed in Plan B, short for bullshit.

“Contributes religiously” ahem…

Never touches it? Ahem

 

[Nostra]

A worker in their 20's who invests in a Roth & contributes religiously to it until age 65 will do far better then the fantasy that you proposed in Plan B, short for bullshit.

Not a comparison between Plan B and an IRA, Simp.

A real world comparison between the SS Ponzi scheme and an alternative in use.

 

[Nostra]

Not fantasy Simp, a real world example.

Feel free to back up your claim it has been destroyed.

looks like Ensign Pulver can't back up his claim.

 

[Clipper]

So you favor doing away with SS.

If they would do much better than B, they would be light years better than A.

Where did I say do away with SS, CLOWN? You right wing no minds have been clamoring for that for years. Is their anything you guys don't parrot from Orban's asseaters in the right wing?

 

[Clipper]

looks like Ensign Pulver can't back up his claim.

Plan B for bullshit is a fairy tale.

 

[Nostra]

Plan B for bullshit is a fairy tale.

No stupid, it is a reality for 4 Texas counties.

 

[Clipper]

No stupid, it is a reality for 4 Texas counties.

"Your death benefit is UP to $215,000"

"Your EXPECTED monthly retirement is between $1500. To $6000.

Is Abbott & his crew signed up?

 

[Nostra]

"Your death benefit is UP to $215,000"

"Your EXPECTED monthly retirement is between $1500. To $6000.

Is Abbott & his crew signed up?

Abbott can’t sign up, Simp. Right after these counties opted out of the Ponzi Scheme Congress banned the opt out option.

Not sure WTF you find funny about those figures since they are way above what the Ponzi Scheme pays.

 

[Jarlaxle]

Then your benefits must not be very high. The OP says benefits are only $1000 to $1800 per month. Lots of people's benefits are $2800 and above. That makes a huge difference in retirement income planning.

Also spousal income benefits can make a huge difference.

So those are two significant distortions in the OP. I don't expect you to admit it or get it.

The maximum social security benefit looks to be about $3300/month now.

The Forbes link is from 2011, I believe, so SS numbers have most likely risen a little.................but the numbers from the alternative have most likely risen many times more than the SS increases.

$3300 or so per month now.

 

[Clipper]

Abbott can’t sign up, Simp. Right after these counties opted out of the Ponzi Scheme Congress banned the opt out option.

Not sure WTF you find funny about those figures since they are way above what the Ponzi Scheme pays.

Abbott can’t sign up, Simp. Right after these counties opted out of the Ponzi Scheme Congress banned the opt out option.

Not sure WTF you find funny about those figures since they are way above what the Ponzi Scheme pays.

"Expected" & "up to" is not a red flag for you, simp?

 

[Jarlaxle]

A worker in their 20's who invests in a Roth & contributes religiously to it until age 65 will do far better then the fantasy that you proposed in Plan B, short for bullshit.

Don't worry, everyone but you understands why that's a stupid statement.

I don't know what you're talking about, but I don't care.

Great talk.

Neither does the midshipman.

Plan B for bullshit is a fairy tale.

No, it's not...you're just ignorant. It's OK.