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Retirement Discussions / Retire Well on Less

URL:  http://boards.fool.com/ltiltwhy-are-people-ready-top-get-upset-at-the-19830789.aspx

Subject:  Re: SS conclusion Date:  11/9/2003  6:02 PM
Author:  Volucris Number:  214 of 1491

<i<Why are people ready top get upset at the prospect of cuts in Social Security?

You missed my point. I wasn't talking about cuts in SS per se. What I was protesting was "means testing". To me, this indicates that if you spend every penny you make while working, you can count on SS later in life to bail you out. On the other hand, if you work hard, save, invest, and deprive yourself of that new BMW or DVD player along the way, then you will get your SS cut because you have greater means. This would be Bu** Sh**.

Unfortunately, there are no easy answers, but I imagine the retirement dates will have to be increased so that people cannot retire until well into their 70's. I am all right with this because this would treat all people equally regardless of their means.

Volucris
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