ST Alpha - "I will be surprised if no SS (or related program) exists, but I expect it to be smaller and gutted, perhaps with a means test." (Reading a Post)

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In response to "Planning on inheritance seems nuts to me, but I think planning that SS won't exist when we retire is way too far in the other direction." by TFox

I will be surprised if no SS (or related program) exists, but I expect it to be smaller and gutted, perhaps with a means test.

Posted by ty97 May 5 '11, 11:37

It will HAVE to be, the way our spending crisis is going. I find it best to plan as if it won't be there, because I have no idea what will actually be there.

I vested in my pension as well, but when my company ended the program, they stopped contributions. So, my (minuscule) pension grows at, basically, interest rate until retirement. Vested don't mean as much as you think.

Responses:

it won't even start to pay out anything less than 100% of benefits until 2037 -- nm - lord tubbington May 5, 11:39 7
- Eliminate the max earnings amount that SS is taxed on. -- nm - Don Homer May 5, 11:42
- You have a time machine? You realize this can all change, right? -- nm - ty97 May 5, 11:41 5
  - and yet, you took the negative view and did the same thing. -- nm - decline May 5, 11:43 4
    - For personal planning purposes, absolutely. I'm taking the conservative approach to my retirement savings. - ty97 May 5, 11:45 3
      - I'm not saying your wrong, just pointing out you held him to the fire for doing the same thing you did :) -- nm - decline May 5, 11:48 1
        
        Disagree fully. I said "I wouldn't count on SS" which is cautionary, not a blanket affirmation. -- nm - ty97 May 5, 11:51
      - [deleted]

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I will be surprised if no SS (or related program) exists, but I expect it to be smaller and gutted, perhaps with a means test.

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