BF2S Forums Why not make Social Security like a 401k?

Reciprocity wrote:

and what happens when you lose all your social security money in Enron stock?  go back and ask for more?  I'd love to see social security actually secure in our country, and not some fat ass politicians piggy bank.  A higher interest rate would be wonderful but it was created as a security net to help keep people off the steets and safe in bad situations.

I like what you said about it being a security net.  Social Security is not ment to be the thing that you live off of when you retire.  It is only ment to help out and like Reciprocity said to help out in bad situations.  Too many people think social security is enough or will be enough when they retire.

d4rkst4r if you go research you might find that the CPP is not fully funded and is sometimes referred to as a "pay-as-you-go" plan. It is estimated that CPP benefits paid out would exceed CPP contributions in 2022.  Sounds a lot like the U.S. Social Security plan.

d4rkst4r wrote:

usmarine2005 wrote:

d4rkst4r wrote:

Fed up with your life?

Call me when you actually get to life kiddo.

What are you? 30? Still living in moma's basement?

Ya.....How'd ya guess.

d4rkst4r wrote:

JG1567JG wrote:

Reciprocity wrote:

and what happens when you lose all your social security money in Enron stock?  go back and ask for more?  I'd love to see social security actually secure in our country, and not some fat ass politicians piggy bank.  A higher interest rate would be wonderful but it was created as a security net to help keep people off the steets and safe in bad situations.

I like what you said about it being a security net.  Social Security is not ment to be the thing that you live off of when you retire.  It is only ment to help out and like Reciprocity said to help out in bad situations.  Too many people think social security is enough or will be enough when they retire.

d4rkst4r if you go research you might find that the CPP is not fully funded and is sometimes referred to as a "pay-as-you-go" plan. It is estimated that CPP benefits paid out would exceed CPP contributions in 2022.  Sounds a lot like the U.S. Social Security plan.

Thats funny, because when I read your wikipedia source and searching 2022 on that article, you know what it said behind it? It said "Citation Fucking Needed", maybe you should research that.

And that is all you got from the wikipedia article on you so valued CPP.  What a shame.

Reciprocity wrote:

and what happens when you lose all your social security money in Enron stock?  go back and ask for more?  I'd love to see social security actually secure in our country, and not some fat ass politicians piggy bank.  A higher interest rate would be wonderful but it was created as a security net to help keep people off the steets and safe in bad situations.

I just want to put it in a bond getting 6% compound interest.  That will double my money every 12 years.

Harmor wrote:

Reciprocity wrote:

and what happens when you lose all your social security money in Enron stock?  go back and ask for more?  I'd love to see social security actually secure in our country, and not some fat ass politicians piggy bank.  A higher interest rate would be wonderful but it was created as a security net to help keep people off the steets and safe in bad situations.

I just want to put it in a bond getting 6% compound interest.  That will double my money every 12 years.

Thats a good start! Start looking into Mutal Funds which bring in more money and look into other personal retirement funds. Spread your money out over several funds is one of the things I was taught incase something happens with one.

d4rkst4r wrote:

usmarine2005 wrote:

Harmor wrote:

What is the Canadian equilvalent of Social Security?

Free Tim Horton's products and hockey tickets?

Still would be worth more then America's Social Security.

LOL..  no kidding...  Social Security won't be worth anything by the time I'm old....

link52787 wrote:

people need to remember is that social security is not made for you to retire happy with money always in abundance.

Social security was made as a supplement.  You weren't suppose to and will never get a substantial amount.  Its just 'pocket' money  to help you survive the remaining life you have left.

It is not a money tree people.

Bingo.

jonsimon wrote:

Cept you'd only be getting 2% interest. Inflation hurts.

I wonder what the actual inflation rate is for those who put money into the system and are drawing out benifits now?  I bet its less than 2%.