02-07-2005, 12:31 PM
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#2505
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Registered User
Join Date: Mar 2003
Location: Government Yard in Trenchtown
Posts: 20,182
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SS & savings
Quote:
Originally posted by Mmmm, Burger (C.J.)
When they say this, what exactly do they mean? I think SS will be around in a form similar to what it is now, albeit different benefit structures (more keyed to the bottom end).
But that's not so important. For anyone on this board, unless there's a really devoted public interest lawyer, SS is irrelevant because the benefit levels are way low. Even if you pay in the max amount each year, the current benefit is about $24k/year. Not a pittance, but hardly enough to keep anyone living in the manner to which they've become accustomed. I've been saving because I don't want to live on only that. And I'd save regardless of SS.
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Not irrelevant at all. See prior post about my parents moving in. |
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