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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75880  
Subject: Re: Social Security--to get in or stay out? Date: 2/6/2001 12:32 PM
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Social security is a terrible investment and you made a good choice when you were ordained.
Medicare benefits make this a little more problematical. If you get sick, your order will take care of you? However, you might not want to put that burden on them.
I'd make the choice on the basis of your current state of health and the longivity of your parents. Realize that medicare will NOT pay for custodial care. If you get Alzheimer's and need a nursing home, it won't pay anything, but if your kidneys fail and you need dialysis to stay alive a few more years, Medicare will pay a bunch. If you are going to have several heart attacks and need expensive hospitalization, medicare also would cover that. It currently won't pay anything toward medication, but that may be changed under the new administration.
You didn't state your age; the pension aspect of Social Security is a horrible investment and I'm sure you've done better putting comparable money into IRAs.
Best wishes, Chris
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