A watershed event happened a few hours ago. It will, hopefully jolt millions of Boomers into ending their journey down the River of Denial. Let the Games Begin.
There’s always something to howl about.
A watershed event happened a few hours ago. It will, hopefully jolt millions of Boomers into ending their journey down the River of Denial. Let the Games Begin.
Eric W. Gage says:
This also marked the beginning of the end today for social security being there for my generation! Prepare Gen X and Y your own retirement…social security will not be there for us! Oh, this isn’t a political statement, just an opinion that I strongly believe in, and why I invest in real estate so I can live off that in retirement — that’s my social security plan.
October 15, 2007 — 6:44 pm
Chris says:
Let the games begin. I think they should roll the retirement age back another 10 years.
Why should my generation have to pay for something we will never see? I wish I could just opt out of the whole program.
October 15, 2007 — 8:25 pm
Jeff Brown says:
You and me both. I read recently, though I can’t remember where, the average annual return on SS money is an impressive 2%. Chris, you and I could train a sixth grader to do far better than that. Geez
At least privatize it. Regular folks could do worse, but they’d have to be drunk. 🙂
October 15, 2007 — 8:31 pm
Brian Brady says:
“Regular folks could do worse, but they’d have to be drunk”
Many quality stock picks come from a four martini lunches.
A drunken teenager, throwing darts at the WSJ, could outperform the anemic return the SSA provides.
October 15, 2007 — 9:28 pm
Jeff Brown says:
A drunken teenager, throwing darts at the WSJ, could outperform the anemic return the SSA provides.
You just know there have not only been pay raises received for ‘stellar’ performance, but actual promotions galore for gov’t employees involved with SSA returns. Only in gov’t is that possible.
October 15, 2007 — 10:16 pm
Jeff Brown says:
Eric – Couldn’t have said it better.
October 15, 2007 — 10:17 pm
Wayne Long says:
Preparing for your own retirement is smart no matter what happens. That said – they need to increase the age for SS. Most are too healthy to retire at 65 now. When SS was started 65 truly was old age. They have increased it a little but not as much as the average lifespan in America has increased. Instead of complaining we need to look for realistic answers IMO.
November 10, 2007 — 11:41 am
Jeff Brown says:
Wayne — Solid point. When FDR created SS, there was a reason he chose 65 as the magic age for retirement. Life expectancy then was 64. 🙂 Talk about a con.
November 10, 2007 — 11:51 am
Rancho Santa Fe says:
This demographic is our number one target market. Not all retirees are living on SS.
November 27, 2007 — 12:24 pm
Jeff Brown says:
John — No, and aren’t we both glad they’re not?! 🙂
November 27, 2007 — 12:32 pm