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Originally Posted by dc_dux
I have faith in Social Security. I have no doubt that it will be there when I retire, which could be anywhere from 10-20 years from now.....since its projected to be fully funded through 2040.
I have also contributed to a private personal retirement fund for 25 years, with matching funds from employers, so SS will only be a very small percentage of my retirement income. I also wouldnt be upset if SS became means tested and I got less then I put in.
And after the baby boomers like me go to a better place, SS will be back on track with contributions meeting payouts....and its purpose to serve as a safety net will continue for those who are unwilling or unable to plan for their retirement.
I'm looking forward to retirement.....lots of things I would like to do.
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That's the general feeling I get from most baby boomers. They are just looking out for themselves and want to ensure they get their cut before it all goes to hell. My parents don't care that Social Security is inept and immoral, they just want their check to be there when they get old. Baby boomers haven't done much to make this country a better place and are leaving quite a mess for gen x and y.
Enjoy your social security check, unfortunately I'll be footing your bill and likely won't ever see a dime of it.