The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/nonsense-social-security-is-insurance-and-a-32158415.aspx

Subject:  Re: Attitude Question - SS Date:  3/14/2016  6:46 PM
Author:  ptheland Number:  79318 of 97388

Nonsense - social security is insurance - and a very viable insurance.

OK. Show me your insurance contract.

Thus far, the social security trust fund received $2.7 Trillion (with a T) more than it has paid out.

True. But solvency today does not imply solvency tomorrow. My recollection of the numbers is that this surplus will start going down in the next decade. And it will be gone in 3 decades (give or take a couple of years). At which point your "insurance" policy will be adjusted in one way or another.

--Peter
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us