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>> The concern isn't even to maximize your total lifetime income from SS. The concern is outliving your money. I'm sure it REALLY SUCKS to have to learn to like the taste of Alpo at 90. <<

EXACTLY this. I don't manage retirement savings to maximize my average case ROI. I manage it to *minimize* my chances of outliving my money. The two goals are not the same.

>> To be real blunt, I think it's stupid to voluntarily be dependant on SS for a significant part of your retirement income. <<

I might not go quite this far. I'd say that anyone under the age of 50 shouldn't plan to get as much as they are being told to expect right now, but I honestly don't think SS is going anywhere. It may be reduced for folks not at (or close to) retirement age, but even those who are younger -- especially if they aren't high-income -- are likely to receive at least 2/3 (if not more) of what they expect to get today.

That assumes, of course, common sense fiscal reforms that stop bloating the debt. And maybe that's the lynchpin on which you are speaking, and yeah, that's possible.

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