SS is NOT insurance...

[Solus]

I am with you on this, m58.

I do not consider SS an entitlement, at least not in the cases of folks who have paid into.

When the Gov. hands me the check for the amount I have paid in plus the matching amount my employer has paid in since that amount was not given to me in wages either for all the years I have paid in, 42 years, plus compound interest on all of it, then they can consider our accounts balanced.

As TomB and others have pointed out, the Gov. has stolen the deposits of contributing Americans.

[CJS3]

I for one, will be investing the 2% they don't steal from me this year and not pissing it away.  I know that's not what they want me to do with it but phuque them.  The last time I did what the Government wanted me to do I was still on their payroll and even then I ALWAYS questioned my superiors!

I don't need a new TV or some other gadget so the Feds will have to figure another way to stimulate the economy.  Me, I'm doing the smart thing and making it work for me...

Several European countries ( Ireland and Holland that I know of )have siezed, if not all, then part, of private retirement plans to fund government services. It has been proposed by the elitest "economist" of our ivy league indoctronation centers here in the US.
Succession just keeps lookin better and better.

[Timothy]

I know about the seizures in Europa which is why I don't currently contribute to a retirement account.  I'm just sitting on the money I gleaned from my 401K when I left my last employer.  Figured I'd wait to see that the climate is before I dump it into a Roth or some other vehicle.  It's just sitting in my accounts for the time being.

Yes, I paid the penalty and taxes but it's better than getting it stolen.  My current employer has an abysmal plan with no matching funds.

[fightingquaker13]

401ks are still attractive if there is employer matching. The last couple of places that I had them it was $.30-$.50 on the dollar up to x amout and depending on seniority. You can't beat that with a stick. A Roth is second best if you qualify. I'd be less exicited about a traditional IRA. I don't see government seizure as realistic. There would honestly be blood in the streets over that one.
FQ13

[mortdooley]

 Social security can't be an entitlement if you are paid based on what you put in. Now if someone draws it as a disability then it should come out of the Welfare fund since it does not represent a lifetime of work deductions.  If I have an insurance claim against my policy that is not an entitlement, if I contribute to an annuity then there is a schedule to show what my payment will be when I retire and that is not an entitlement. It was intended as a supplement to whatever retirement you already had, that is why your pension is reduced when you begin to draw Social Security. Giving SS benefits to illegals is breaking a promise to the American people.

[Sponsor]

[tombogan03884]

Social security can't be an entitlement if you are paid based on what you put in. Now if someone draws it as a disability then it should come out of the Welfare fund since it does not represent a lifetime of work deductions.  If I have an insurance claim against my policy that is not an entitlement, if I contribute to an annuity then there is a schedule to show what my payment will be when I retire and that is not an entitlement. It was intended as a supplement to whatever retirement you already had, that is why your pension is reduced when you begin to draw Social Security. Giving SS benefits to illegals is breaking a promise to the American people. Couple of laws passed by Congress and signed by Presidents, as well as violating the Constitution

Fixed it