State of the Union Address.

Looks like we have more problems, but still few answers from either party.
How can you still pay for others receiving Social Security and put so much into a savings program. I myself am already paying into a 401K plan.
However, with the market currently down the return is not that great. Yet if we pay into our own plan to retire. What percentage do we pay into Social Security?
And who is to oversee this that no one ends us broke or nothing to retire own. Just Monday plans was announced to enlarge the IRS?
Some of these plans i just do not agree with or understand. Neither party seems to be able to put out a clear agenda.


Social Security Reform

[burton2019]

The social security plan is farce. I agree with you, regardless of Republican or Democrat, the Social Security reform is ridiculous and needs to be taken care of immediately.

[imported_Counts]

I can tell you exactly what will happen with Socal securty .....nothing......until it actualy starts loseing money (predicted to happen in 2014?) at which point they will A.) Raise SS tax. B.)Raise the Retirement age. C.)Both A and B...............of course they could fall back on work until you DIE (that is the plan I am planning on working under )

I think we are there Counts. I got the new age adjustment paper about two months back. At my current age to retire with full SS benefits i now have to be 67. That was stated at least three times in the letter age adjustment. I now hear that that age may be increased to 70?
Right now we are seeing what was meant as something good, fall apart for us who will retire in the next 20-25-30 yrs.
Personally im not even looking to see social security. I've increased my input into my 401K to the maximum. As i see it. It may be my only hope. Yet now in a unpredicatable world that is no surety. What was once guaranteed percentages is barely talked about any more in 401K plans.
I don't know what the answer is. And honestly i don't see either political party having an answer.
Only thing i see is a political fight ahead and something to keep our minds off a few things such as Iraq.
Gas prices back up. Were at war. And the economy is all to crap in most regards.
Remind anyone of the Nixon, Ford , Carter yrs?

[DukeFan]

The job you got LPD, you can work until you die, I know, cause i do the same thing, you all quit crying about retirement, hell life is over when you get that damn old anyway, eat, drink, and be merry, for tommorow a friggin queer loving democrat will be elected!

Kind of accepted it may not be there for me.
I wonder what others are gonna do. Kids being born today. From the time they are born. Their in debt?
I don't know how to fix it. But it seems those even at the top have no clue either.
What bothers me. We still will be paying into it. And at some point and time we will have our own private run retirements, with personal savings.
As you said, it is the job. But man no job deserves our lives. We give enough as it is. Until i had to be off i think the most time i have ever taken off was sick days.
Older i get i wonder, was i a fool for trying to be a good employee or was i an example?
Right now and seeing how i may be done when it comes time to retire. A fool. Wasted a lot of time i could of spent doing what i wanted. Instead i did what i thought was right.
Either way no matter what the job. You never do enough in the eyes of most.
Damned if you do. Damned if you don't. Either way were damned.

what i saw was nothing but empty rhetoric. the Democrats don't want to upset the current system enough. The Republicans want to get rid of the system entirely if they had their way simply because they haven't liked it for 70 years. SS would have been fine if it wasnt robbed for the past 40 years to pay for other spending. what irks me about the current system is my father retired from the federal civil service and was forced to pay INTO the system for 35 years, but wasn't allowed to receive the benefit on top of his federal pension so the government could cut corners on the budget. thats just plain robbery.

Welcome to those who have problems with the system, democrat or republican. It is full of flaws. My brother also does federal work. And he is just now being assured he will not see a dime?
We the American public are being ripped off. By those who use the system as they see fit.
Just? I don't think so. Can i work till im 70? Doubtful. What is my options? Were screwed pure and simple. You and your not even in the system full time yet.
Yet each baby that gets that pat on the fanny and cries, is already in debt to the US 36,000 dollars. And yet we are still bailing out other countries and rebuilding them?
Come on folks. How about a little common sense. We can't take care of ourselves. Yet were the saviours of the human race?

[imported_elp6n]

I'm 28 years old and several years ago I decided to not assume that any Social Security will be available when I retire, and I believe that everyone else should assume the same.

No matter what your age is, 18 to pre-retirement, set up your own retirement plans!

What we pay out in our paychecks each month is ridiculous. Some of us get royally screwed with the tax situation.
I myself am punished severly because I am a childless, working female. After this punishment I still won't be getting any Social Security.

And is that right. If you had 4-5 kids by different men and did not work you would be taken care of? Our system needs some big changes.
My ex. She had insurance herself on her children so did her husband. Yet she was got medicaid?
Yes my question how? The system is set up to be taken adavantage of. And why? No one questions it.
All i can say elp6n is i'd ask for my money back and that way you can put it where you want.
We all pay taxes and yet we get screwed every way it comes.