Question for all about Social Security.

[KMAN]

From what it sounds like Obama is trying to make universal healthcare optional. That said, if Social Security was optional would you still participate and why?

Personally I would not. I would rather have my money in a 401k.

 

[Oddball]

He wants nothing optional.

His "optional" ruse will motivate employers to stop providing insurance as a fringie and drive employees into the gubmint run program.

FWIW, Socialist Insecurity IS optional.....Not many people know that.

 

[sealybobo]

From what it sounds like Obama is trying to make universal healthcare optional. That said, if Social Security was optional would you still participate and why?

Personally I would not. I would rather have my money in a 401k.

And when it took a major dump, who would bail you out?

Right now my grandparents are going from 5% interest to 1%. Mostly because the Federal Reserve just stole $9 trillion dollars from us and they need to repay us somehow, so how they will repay us is by fucking our senior citizens out of their life savings.

You people really have no clue.

Yea, if I were a millionaire, I'd rather opt out of ss too. But you won't be a millionaire. And based on how you vote, the market will probably collapse once every 10 years, so good luck with your 401k.

 

[sealybobo]

He wants nothing optional.

His "optional" ruse will motivate employers to stop providing insurance as a fringie and drive employees into the gubmint run program.

FWIW, Socialist Insecurity IS optional.....Not many people know that.

I already showed people like you yesterday that over the last decade, many employers have dropped healthcare because it is too expensive, and more will do the same in the next 10 years.

But you'll blame Obama/socialism either way, so fuck it.

Yea, Obama made healthcare unafforable.

 

[sealybobo]

So my grandparents went from 5% interest on their life savings to 1%. Can't live on that. So what are their options.

Oh yea, they get social security. That'll help.

Or, they can eat away at their savings.

So what would you do if your savings went from 5% to 1% and you don't have SS to suppliment? You'd be FUCKED!!!!

 

[Oddball]

And accelerating the pace of companies dropping insurance as a fringie is going to help in what way??

It won't, and that's the point.

 

[Skull Pilot]

I am not going to surprise anyone when I say i would prefer to opt out of Social security.

15% of my lifetime income taken by the government to use as its own personal slush fund is not securing anything for me.

the disability "benefits" of SS are a joke as is the retirement "income"

Currently my wife and i save over 20% of our gross income for retirement. if I could control that other 15% I'd be able to retire well.

I already pay for my own life and disability insurance that will pay me a better benefit without all the government red tape.

So yeah, count me out.

 

[KMAN]

From what it sounds like Obama is trying to make universal healthcare optional. That said, if Social Security was optional would you still participate and why?

Personally I would not. I would rather have my money in a 401k.

And when it took a major dump, who would bail you out?

Right now my grandparents are going from 5% interest to 1%. Mostly because the Federal Reserve just stole $9 trillion dollars from us and they need to repay us somehow, so how they will repay us is by fucking our senior citizens out of their life savings.

You people really have no clue.

Yea, if I were a millionaire, I'd rather opt out of ss too. But you won't be a millionaire. And based on how you vote, the market will probably collapse once every 10 years, so good luck with your 401k.

sealy - You don't understand how to invest. If you want to learn about it talk to a financial planner. When you get close to retirement you put the majority of your money it in something less risky in case something like this happens... It's common sense. When you have 30 years before retirement you can deal with things like this but it's stupid not to put your money some place safer when being close to retirenment...

 

[KMAN]

So my grandparents went from 5% interest on their life savings to 1%. Can't live on that. So what are their options.

Oh yea, they get social security. That'll help.

Or, they can eat away at their savings.

So what would you do if your savings went from 5% to 1% and you don't have SS to suppliment? You'd be FUCKED!!!!

sealy - So you are saying you would stay in Social Security... That's fine but you do realize that you are going to put more into Social Security than you will get back in your lifetime right?

 

[Valerie]

From what it sounds like Obama is trying to make universal healthcare optional. That said, if Social Security was optional would you still participate and why?

Personally I would not. I would rather have my money in a 401k.

And when it took a major dump, who would bail you out?

Right now my grandparents are going from 5% interest to 1%. Mostly because the Federal Reserve just stole $9 trillion dollars from us and they need to repay us somehow, so how they will repay us is by fucking our senior citizens out of their life savings.

You people really have no clue.

Yea, if I were a millionaire, I'd rather opt out of ss too. But you won't be a millionaire. And based on how you vote, the market will probably collapse once every 10 years, so good luck with your 401k.

sealy - You don't understand how to invest. If you want to learn about it talk to a financial planner. When you get close to retirement you put the majority of your money it in something less risky in case something like this happens... It's common sense. When you have 30 years before retirement you can deal with things like this but it's stupid not to put your money some place safer when being close to retirenment...

I think he's talking about savings rates.

 

[KMAN]

He wants nothing optional.

His "optional" ruse will motivate employers to stop providing insurance as a fringie and drive employees into the gubmint run program.

FWIW, Socialist Insecurity IS optional.....Not many people know that.

I already showed people like you yesterday that over the last decade, many employers have dropped healthcare because it is too expensive, and more will do the same in the next 10 years.

But you'll blame Obama/socialism either way, so fuck it.

Yea, Obama made healthcare unafforable.

Do you care to expound on why it's so expensive??? Maybe because we are covering people who can't pay or due to crazy lawsuits Doctor's have to over examine and check for every possibility so they don't get sued....

If you really want to make insurance less expensive lets get rid of the causes...

 

[sealybobo]

From what it sounds like Obama is trying to make universal healthcare optional. That said, if Social Security was optional would you still participate and why?

Personally I would not. I would rather have my money in a 401k.

And when it took a major dump, who would bail you out?

Right now my grandparents are going from 5% interest to 1%. Mostly because the Federal Reserve just stole $9 trillion dollars from us and they need to repay us somehow, so how they will repay us is by fucking our senior citizens out of their life savings.

You people really have no clue.

Yea, if I were a millionaire, I'd rather opt out of ss too. But you won't be a millionaire. And based on how you vote, the market will probably collapse once every 10 years, so good luck with your 401k.

sealy - You don't understand how to invest. If you want to learn about it talk to a financial planner. When you get close to retirement you put the majority of your money it in something less risky in case something like this happens... It's common sense. When you have 30 years before retirement you can deal with things like this but it's stupid not to put your money some place safer when being close to retirenment...

YOU don't understand. The SAFE places that old people use are only paying 1%.

 

[Valerie]

Just as an example, if an elderly couple has $120k in savings ( I use that amount because it's simple math for the return rate) if the savings or CD rate is at 5% that yields $500 a month in interest, whereas a 1% rate only yields $100 per month. That's a HUGE difference for elderly couples, who have never ever seen such low rates in their lifetime and so never ever expected to not yield an income from their savings.

 

[Valerie]

And when it took a major dump, who would bail you out?

Right now my grandparents are going from 5% interest to 1%. Mostly because the Federal Reserve just stole $9 trillion dollars from us and they need to repay us somehow, so how they will repay us is by fucking our senior citizens out of their life savings.

You people really have no clue.

Yea, if I were a millionaire, I'd rather opt out of ss too. But you won't be a millionaire. And based on how you vote, the market will probably collapse once every 10 years, so good luck with your 401k.

sealy - You don't understand how to invest. If you want to learn about it talk to a financial planner. When you get close to retirement you put the majority of your money it in something less risky in case something like this happens... It's common sense. When you have 30 years before retirement you can deal with things like this but it's stupid not to put your money some place safer when being close to retirenment...

YOU don't understand. The SAFE places that old people use are only paying 1%.

Right, and many were counting on their savings rate to afford their property taxes and now the assessments have gone up so the tax rates went up while the savings rates went down and many elderly people are being forced out of their homes.

 

[sealybobo]

He wants nothing optional.

His "optional" ruse will motivate employers to stop providing insurance as a fringie and drive employees into the gubmint run program.

FWIW, Socialist Insecurity IS optional.....Not many people know that.

I already showed people like you yesterday that over the last decade, many employers have dropped healthcare because it is too expensive, and more will do the same in the next 10 years.

But you'll blame Obama/socialism either way, so fuck it.

Yea, Obama made healthcare unafforable.

Do you care to expound on why it's so expensive??? Maybe because we are covering people who can't pay or due to crazy lawsuits Doctor's have to over examine and check for every possibility so they don't get sued....

If you really want to make insurance less expensive lets get rid of the causes...

Oh this lawsuit argument is so old it makes me sick.


Administrative costs, marketing and profits account for 22 to 31 percent of the U.S. healthcare dollar (I recently heard Edward Kennedy say these costs were 33 percent, but I have not seen documentation of that number). By contrast, overhead costs in single-payer systems (including Medicare) typically are 3 percent.


And it isn't the lawsuits that are raising the costs. A more likely explanation for the escalation is that malpractice insurance companies have raised doctors' premiums to compensate for falling investment returns.

 

[auditor0007]

I am not going to surprise anyone when I say i would prefer to opt out of Social security.

15% of my lifetime income taken by the government to use as its own personal slush fund is not securing anything for me.

the disability "benefits" of SS are a joke as is the retirement "income"

Currently my wife and i save over 20% of our gross income for retirement. if I could control that other 15% I'd be able to retire well.

I already pay for my own life and disability insurance that will pay me a better benefit without all the government red tape.

So yeah, count me out.

No guarantee either way. Those life insurance policies and annuities could well go belly up if the economy continues to spiral, and you would have no recourse. At the same time, there is no guarantee that SS will provide us with as much as it has those in the past.

 

[Valerie]

I am not going to surprise anyone when I say i would prefer to opt out of Social security.

15% of my lifetime income taken by the government to use as its own personal slush fund is not securing anything for me.

the disability "benefits" of SS are a joke as is the retirement "income"

Currently my wife and i save over 20% of our gross income for retirement. if I could control that other 15% I'd be able to retire well.

I already pay for my own life and disability insurance that will pay me a better benefit without all the government red tape.

So yeah, count me out.

No guarantee either way. Those life insurance policies and annuities could well go belly up if the economy continues to spiral, and you would have no recourse. At the same time, there is no guarantee that SS will provide us with as much as it has those in the past.

Yes, I get those annual statements of projected income from what I've contributed to SS and although I keep putting in, I have seen the projected numbers decrease.

My husband and I started our own business ten years ago and he has opted not to add to his SS since then, as he just takes his income and saves it, but I keep contributing to mine through my employer.

 

[KMAN]

Hello!!!!! People... use your head...

YOU WILL GET LESS OUT OF SOCIAL SECURITY THEN WHAT YOU PUT INTO IT. Do you not understand this????? If you put $50000 into Social Security during your lifetime you will get less than $50000back when you retire plus being that the average life expectancy is 77.

FASTSTATS - Life Expectancy

You are only going to collect Social Security for 10-15 years!!!!

With a 401k your are averaging about a 10% return each year over the last 30 years... Plus you can give this money to your kids when you die.... or give it to the ACLU, or ACORN,etc...

 

[Skull Pilot]

I am not going to surprise anyone when I say i would prefer to opt out of Social security.

15% of my lifetime income taken by the government to use as its own personal slush fund is not securing anything for me.

the disability "benefits" of SS are a joke as is the retirement "income"

Currently my wife and i save over 20% of our gross income for retirement. if I could control that other 15% I'd be able to retire well.

I already pay for my own life and disability insurance that will pay me a better benefit without all the government red tape.

So yeah, count me out.

No guarantee either way. Those life insurance policies and annuities could well go belly up if the economy continues to spiral, and you would have no recourse. At the same time, there is no guarantee that SS will provide us with as much as it has those in the past.

Where did I say i have annuities?

The only people who make money with annuities are the insurance companies. And My life insurance is spread out over several companies. No eggs in one basket for this guy.

And I am not looking for any guarantees. I want to determine my own financial future without the government squandering the money I could be saving.

 

[KMAN]

I already showed people like you yesterday that over the last decade, many employers have dropped healthcare because it is too expensive, and more will do the same in the next 10 years.

But you'll blame Obama/socialism either way, so fuck it.

Yea, Obama made healthcare unafforable.

Do you care to expound on why it's so expensive??? Maybe because we are covering people who can't pay or due to crazy lawsuits Doctor's have to over examine and check for every possibility so they don't get sued....

If you really want to make insurance less expensive lets get rid of the causes...

Oh this lawsuit argument is so old it makes me sick.


Administrative costs, marketing and profits account for 22 to 31 percent of the U.S. healthcare dollar (I recently heard Edward Kennedy say these costs were 33 percent, but I have not seen documentation of that number). By contrast, overhead costs in single-payer systems (including Medicare) typically are 3 percent.


And it isn't the lawsuits that are raising the costs. A more likely explanation for the escalation is that malpractice insurance companies have raised doctors' premiums to compensate for falling investment returns.

How's Medicare doing right now???? An dObama wants to cut funding.... LOL They hated the idea when Bish wanted to cut Medicare but are all for it when Obama wants to do it...