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Author: FoolYap Big funky green star, 20000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: Future of retirement Date: 9/18/2011 3:08 PM
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I am 25 and listening to all the politicians talk about medicare/welfare and life lines to people and the elderly gets me wondering. In the future will i be punished for doing the right thing. For saving for retirement. means testing for SS is being talked about.

It's a poor way to go through life, envying what others get. My ex used to whine about exactly what you just said. That it was "unfair" that we were saving, and therefore wouldn't be able to take advantage of whatever the Government Program Du Jour was in her mind that only people who didn't have income and/or savings could "get".

What a silly thing to say. If life is so sweet without any savings, feel free to join the unwashed masses without savings. Somehow I doubt you'd trade a hefty retirement savings (with or without SS added onto it) for just SS. Since you can't control what Congress does or doesn't do about taxes, I'd worry about what you can or can't do about saving.

As you apparently have been, and good for you! Just stop feeling like you're being "punished" for that savings. Cry all the way to the bank, if you must to feel better.

--FY
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