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Retirement Planning

Discussion in 'News & Current Events' started by Crabtownboy, Feb 7, 2015.

  1. Crabtownboy

    Crabtownboy Well-Known Member
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    Information you need to take into consideration.

     
  2. Deacon

    Deacon Well-Known Member
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    Oh, I wouldn't worry too much.
    Politicians have been degrading the medical system so much that the average lifespan should soon begin to decrease – a good number of elderly will die soon after they begin receiving benefits.

    Rob
     
  3. Salty

    Salty 20,000 Posts Club
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    The government borrows money for everything else - so why not Social Security.

    If we could pay off the national debt - we would save some 130 trillion per fiscal year!
    If the average monthly SS check is 2,000 a month - that would take care of 5 million recipients per month reducing the deficit. (if I did my math right - my excuse - I have been under the weather - thank goodness - I don't have to preach tomorrow)

    Obama keeps talking about reducing the deficit- well it sounds good. Sure in 2010, the deficit was 1.4 trillion; it 2013 it was 500 billion. But we keep going into deeper debt. And yet politicians want to keep spending more money. Since, Obama took office (2010*-2013) we have acquired an additional 4.5 trillion dollars in debt. Assuming a low 3% interest that Obama debt is costing us about $30,000 per DAY! (This does NOT include the debt prior to 2010)
    * did not count 2009 as that FY was passed during the Bush administration.
     
    #3 Salty, Feb 7, 2015
    Last edited by a moderator: Feb 7, 2015
  4. Crabtownboy

    Crabtownboy Well-Known Member
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    Salty, leave all the politics aside as well as the hyperbole, this is about your and others planning their retirement. Don't bet on Social Security ... and you can't live on SS alone.

     
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