- Moderator
- #1
Does anyone honestly expect that:
Social security
Our 401Ks
Our Pensions
Are going to be around when we retire?
Social security
Our 401Ks
Our Pensions
Are going to be around when we retire?
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I fully expect they will be around for many many years. If history is any gage, retirement plans are far more likely to expand rather than contract. We started with none. Later businesses offered defined benefit pension plans primarily to white collar workers. Later the plans were extended to blue collar workers and Social Security was added as a safety net. Unfortunately it grew into something a lot more. Then we added tax sheltered plans.No, I don't expect any of those to be around. I have separate Money Market accounts and investments to fall back on.
Don't have the latter two and haven't counted on Socialist Insecurity being there for me since the late '80s.Does anyone honestly expect that:
Social security
Our 401Ks
Our Pensions
Are going to be around when we retire?
Does anyone honestly expect that:
Social security
Our 401Ks
Our Pensions
Are going to be around when we retire?
As usually, you extremist go off the deep end. Because Social Security has problems certainly does not mean it's going away. In the coming years we will have more and more people retiring and less and less people working to pay social security taxes. It's that simple and has little or nothing to do with other government spending. The solutions being considered are well documented.Does anyone honestly expect that:
Social security
Our 401Ks
Our Pensions
Are going to be around when we retire?
Social Security....No way,No how!
401k,Ira's....Yes, but thanks to Obama and company they wont be worth squat.
Pensions will disappear over the years with employers paying the employees a lump sum then they will be on their own....