retirement oz


Will we have the chance of seeing any money from Social Security when we retire in 40 years?

I think that it is unfair that I am paying into Social Security and may NEVER see it when I retire in 40 years!! I would like it to be an option to the people that will not reitre anytime soon. I don't mind helping those in need but I am in need too and the government doesn't help me out when I am financially constrained.

Public Comments

  1. no
  2. No. By then it will all have been shuffled off to the stock market, invested and lost. You can blame the current Republican administration for that..
  3. am afraid not .
  4. I have done extensive research on Social Security so that i could write a thesis paper on it. Until 2027 the combined Old Age Survivors and Disabilities Insurance (OASDI), will still have a greater income than their output. After that, until about 2070, the SSA will be able to pay out about 75% of what is the current benefits. I would still have an alternate retirement plan though, like an IRA or a 401(k) plan.
  5. I dont think so......Social Security isn't being funded ..or it's underfunded at the least, and gets cuts from the Government on top of that ...so it's in poor shape and not loooking good.
  6. No. It is scheduled to pay out more than it takes in by 2017 - in 11 years. All those IOUs in the 'lockbox' will either be torn up, or will be paid by increased taxes on us, so we can pay ourselves back for the money congress spent. It was sad that Congress was too chickenshit to make the necessary reforms to Socialist Security so that people would own their own retirement and then government could get out of the retirement business then unconstitutionally jumped into (thanks, FDR, you feckless bastard). Bush proposed very good reforms, and the reelection whores in congress covered their own butts, and hung the people out to dry, yet again. This welfare statism needs to stop. It is unconstitutional and it is the evil of socialism. Let's get back to the limited government that was our birthright.
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