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Author: warrl Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 737487  
Subject: Re: Here's my thing about SS Date: 10/31/2013 1:12 PM
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I believe SS will always be around.

How can it not? Millions (and millions and millions) of Americans depend on SS. It must stay with us forever--even as we flush ourselves down the toilet.


I have a very simple plan for terminating SS, without cutting off or shortchanging anyone. Of course, it's also a very SLOW plan.

Here it is in its entirety:

* Stop crediting people with SS earnings.

Yep, that's it.

Your eventual SS benefit will be based ENTIRELY on earnings reported before this plan takes effect.

If you've already stopped working, the change will not impact you at all.

If you're near retirement, it will have very little or no impact and you have a little time to prepare.

If you have quite a few years to go before retirement, it will have a larger impact but you have more time to prepare.

If you're very early in your work career, you will get no benefit but you have lots of time to prepare.

Eventually everyone who qualifies for any benefit at all will die and the program will terminate. I figure about 80 years.
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