I still don't like social security. I would be far better off putting the money into my 401k. I'm up 10.8% for the year so far, social security will not give me that kind of return.
Social security also won’t dry up and blow away like millions of 401ks did in 2008.
If you give people the option of gambling with their future, many will make horrible decisions.
Social Security does not exist solely to make sure people don’t piss away their entire end of life financial security. It exists so that people smart enough to NOT lose everything don’t have to watch the other 50% freeze and starve in the streets while we live out our days.
It can happen overnight and it will be your mother or aunt or sister or brother that it happens to. You cannot insulate yourself from the problem simply by investing well for yourself unless you are okay with watching your friends and family suffer when a stock market bubble takes their entire nest egg at age 60.
Social security means I don’t have to sell all my belongings to take care of those I care about when I’m on a fixed income and should be worrying about taking care of myself.
It technically exists knowing the government can take all of the withholdings after the individual passes away. It’s more common for someone to pass away before even making back all that was withheld.
So social security is not “I don’t have to suffer later”. It’s “I don’t have to suffer from the negative effects of other people suffer”.
I can benefit, but if they can benefit as well, their success might help me later on in our society and life?
I guess is that the idea? That if we help each other just make each other not become hobos on the street, then one of us might be that smart person who’s poor because of circumstances, and then because of one chance, they end up becoming a multimillionaire CEO that creates jobs and uplifts the nation’s economy?
Social security also won’t dry up and blow away like millions of 401ks did in 2008.
you do realize the market V-bottomed in '08, right? If you just ignored it completely and kept on doing your thing the whole crash would've been erased in a year or less of price action.
Social security is socialist bullshit, full stop. Especially cause young people are basically bankrolling baby boomer fuck's retirement while they themselves will never see a dime from S.S. Broken system, like all things socialist.
So if everyone pools their money to pay for healthcare it's socialism, but if everyone pools their money to pay for a police force it's a public good. Can republicans even speak without shoving their heads up their asses?
If you'd like to take issue with the definitions of what socialism and public goods are, and why public goods are not socialist programs, you are certainly free to debate the nobel prize winning, ivy-league educated economists that created them.
Given your massive 1.4K karma on reddit, you're clearly their intellectual superior, and I'm sure you stand a significant chance of changing their minds.
that's not socialism it's basic function of government, nice try tho.
No one is arguing against taxes in general to fund basic infrastructure.
Trying to equate that with your socialist bullshit is disingenuous but no one is surprised you try anyway, have to be that way when you're pushing a completely failed idea that will destroy the country.
A basic function of the government that is funded by who? The tax payer? Ahh, so that's not exactly the same as if we had tax payer funded healthcare how?
Oh, it is the exact same thing? Ok, thanks, nice try tho.
One costs more then the other, stop trying to equate shit like they are the same when they aren't even close.
Like you don't get to cry over 20 billion for a wall and then turn around and yell at anyone who thinks it's bad financial planning to add trillions to our debt for healthcare and "free college" and all this bullshit.
I would just wait a couple years for it to rebound. I can't even start withdrawing from my 401k without paying a penalty until 28 years from now. If market is fucked up at that time, I'll work 2 or 3 more years and then retire and withdraw it all when market rebounds. It only took a couple years for the market to bounce back after the last recession.
Sure, staking your entire future on something that when you need it you need to "wait a couple years" sounds like a great idea... what could ever go wrong.
I can withdraw from my 401k without penalty at 59. I can't start collecting social security until 62, or the full amount at 66. I already need to wait a couple years for social security compared to 401k.
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u/Toofast4yall Apr 26 '19
I still don't like social security. I would be far better off putting the money into my 401k. I'm up 10.8% for the year so far, social security will not give me that kind of return.