|I agree with you regarding investing on your own, that is a terrible idea.
Posted: 4/4/2012 7:55:14 PM
The stock market would LOVE to have those funds though..for sure they would love to feast off the stupidity of the sheep.
No I dont think SS would long term meet its needs, even if you look at the fund as a stand alone like the funds were there I dont think it is funded properly.
Plus I really think Medicare is in a much greater hurt and is as much a SS type of benefit as SS is..yet the discussion of its deficit is not included with SS even though it should be.
I've given my solution..it makes sense and is what should happen-
If you make more than the median income of the working class then the benefits are phased out, especially SS.
SS should not be a slush fund for politicians and it should not be a casino junket throw away for people who do not NEED it.
The program needs to weed out the high net worth and higher retiree earners and take care of those who are earning less than the average family, those who are paying in currently.
That is your solution..have a phase out starting at the average 5 yr median income OR a certain asset level..say 2M in assets, then it begins to phase out.