I'm not factoring it in at current payment rates but I think it's demise is greatly exaggerated. Political suicide to get rid of it and we would probably pay a lot of it out in other forms of assistance anyway.
OT: Why is Warren Buffet always ahead of the game?
- Thread starter itseasyas1-2-3
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They are never "getting rid of it" but it makes for great theater and it freaks out a lot of would-be normal people.
Just like in the 80's when they had a bunch of WWIII made for TV movies, "nukes" were going to kill us all.
Well, I mean that might actually still be pretty good advice. Ha
I remember that. If I recall correctly, they told us to get under our desks in case of a nuclear attack. Have they revised that guidance?
Now our kids get active shooter training ☹️. Which freaks kids out so badly.
My entire retirement is based on social security...hope it sticks around!
Based on much of what each of you have said all along, I suspect you guys will be just fine, with or without it. The biggest failure many people have is they "assume" that SS will be there for them, and I can see it going away before too many years.
They constantly raise the retirement age, so they have the advantage of older folks passing away before they draw that much money. Others, like my mom drew it for about 35 years or so, and she made diddly squat in her working career.
It's a terribly unfair system when millions will likely have it involuntarily taken from their paychecks with no real guarantee they'll get anything when it becomes their time.
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It isn't going away. It's a wildly popular program that politicians and citizens alike have shown a tolerance for funding no matter the costs. Tweaks. Sure. Eliminated. No chance.
I didn't SAY it was going away, I said I can "SEE" it going away.
You have a next level normalcy bias.
I don't see it going away. For the same reasons I posted above. People have been predicting it's demise since I was a kid and it just continues to become more ingrained in our society.
Is that better for you?
I return my SS money to the treasury as a flex. Maybe that gives you some idea.
Unless he means he buys tbills. I doubt he’s retired or rich though. More likely retarded and poor.
Bunch of poors in this thread. Thought you all bought bitcoin at .000001?
All I know is Redli is bringing Chappelle-level humor to this thread. Killing it page after page - it’s been hilarious.
I think a bad move on selling Bitcoin, historically does very well right after an election
Yes, I realize i don't have squat until I sell, but as a great dividend stock that I am making now over 60%...why sell?
NICE return TBSYes but what I’m saying is you may not have gotten crushed in ‘22. Look at my returns. Yeah the 1 year return looks amazing, but the 3 year return sucks bc I got crushed in 22.
$JPM up more than 10% today
$BAC up more than 8% today
Buffett missed quite the move
$BAC up more than 8% today
Buffett missed quite the move
Only $30K ?? They way you talk, I am shocked it is not more. so you must still be down from investing in BC early and then it crashed ? people like you never talk about how much they lost when it crashed....just like people who play pickle cards and gamble, only bragg when they win, never about the losses
you about to get put on ignore from easyOnly $30K ?? They way you talk, I am shocked it is not more. so you must still be down from investing in BC early and then it crashed ? people like you never talk about how much they lost when it crashed....just like people who play pickle cards and gamble, only bragg when they win, never about the losses
rich people don't go around saying they're rich
Must have gotten the Iowa memo
I know you'll claim different, but you sound like a pretty inexperienced investor. Did you start around 2010? There is a whole generation of investors that think the market only goes up. That isn't how it works.
I don’t think it’s going away. 20 years ago or so ago they talked about folks being able to take their Social Security money and put it in investment accounts. Soon after, there was a 20% correction in the market. The idea vanished like a fart in the wind.
