SS can keep every dime I have already paid in if they would just let me opt out.
Any money drawn from SS by me would be considered a bonus as I am not waiting for the government to take care of me. Plan ahead.
I want what I put in, 5 percent interest and no more taken out. If I break even it would be great. I would probably come out ahead and that is gravy. They raised the SS crap back in the mid 80's and it was supposed to take care of the problem. Guess what? It did not. Screwed me then and they will screw me again in 15 or so years.
The two big problems with SS are, first, that Congress is allowed to steal from it and put IOUs into it in lieu of the money they took, and second, that the structure of it is designed for the old-age pensions but the completely-unfunded explosion in disability payments during the Obama years is sucking the blood out of the old-age retirement system.
I agree. There should be a SS investment board, like many state government retirement boards, that can invest some of it in the market. Hell if they could have invested even 30 percent in the market back in the mid 80's there would be no problem. Even 5 percent return would be better than what we got now. Disability should be a separate fund.
And the survivor benefits need to be revamped. Guy I know got a mail order bride at 60 or so. Got a kid now. When he dies, his wife, in her late 30's early 40's gets survivor benefits as well as the kid. That ain't right. He laughs about it. This is a guy that served his country in Vietnam. Retired from the reserves (might have been National Guard), conservative as hell until it come to his benefits.
Sorry but that is the way a lot of the baby boomers think. They caused a lot of these problems. No offense to the baby boomers here.
Pisses me off.