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Originally Posted by Seaver
Soo... every administration since FDR counts as one?
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Discounting Clinton(1?), every president since and including Grampa Ronald, but I'd really rather not have this thread be about SS. I'm a uniter (in that we all have to deal with this reality eventually)!
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Originally Posted by Seaver
As for me I'm putting away 10%, with a matching 5% into my 401k. I don't think I'll have too much of a problem... Social Security will be nothing more than cake icing barring any economic collapse.
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I dunno about 10% a year. Assuming one makes $60k a year, that's $60k saved every ten years from now until you're in your mid 60s (let's say 40 years, right?). That's only $240k + $401k + maybe some SS. Is that going to be enough?