No. of Recommendations: 2
TheBreeze
If SS is means tested, the more "levers" you have to pull, the more likely you'll be able to arrange things to your benefit. So, having some money in IRA/401k, some Roth money, some outside investments, will all enter into the equation.

I think additional means testing is inevitable. Despite how unfair it would be for people who saved into the system and were told they would get it back....it's going to happen considering age demographics and the growing 'entitlement' mentality of younger Americans.

I guess you can adopt 2 strategies to combat the inevitable outcome. Don't accumulate more than a million $ in assets so you don't attract the greedy eyes of the politicians or you can work to get wealthy enough so the 30-40k of SS won't matter.

Metal
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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.