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Subject:  Re: Could you retire without Social Security? Date:  12/18/2010  10:41 PM
Author:  TMFBigFrog Number:  67866 of 101524

For about as long as I've been investing for retirement, I've done so with the expectation that Social Security would collapse before I'd see a dime back. These days, I'm very glad I've been doing so, since the program appears to be falling apart even faster than I thought it would.

Social Security has been on less than solid footing for at least as long as I've been working. And even among my family members old enough to have been alive when Social Security was signed into law, those in my family who depend on it today feel betrayed by how little it provides vs. what they thought they'd be getting.

Part of that is my family members' own doing for treating it as their only or primary retirement plan. Part of it is the fact that the inflation adjustment has not kept up with their costs of even modest living. And part of it seems to be generational -- some of the early beneficiaries really did get a sweetheart deal from Social Security, due in large part to the shorter life expectencies back then....

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