No. of Recommendations: 1
Social Security is a program that keeps over half of the elderly in the US from living below the poverty level. Losing it is a very big change ...

It will never be eliminated for the grasshoppers. Too many of them and they are part of the demographic that votes. But the Ants having prepared on their own will have it means tested away.

Our oldest is already paying max SS right out of college. We've have had the frank discussion about our thoughts on others providing for retirement via SS and pensions and have encouraged him to be over prepared. At 23 he is already maxing out his 401K, Roth IRA and investing additional funds. Definitely a good area for redundancy.

IP,
wondering frankly when the changes will be made to make taxes on Roth accounts a thing
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement