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Key:
Admin,
Global Mod,
Mod
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Joined: Feb 2015
Posts: 8,276 Likes: 23
14 point
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14 point
Joined: Feb 2015
Posts: 8,276 Likes: 23 |
If they dont keep the ponzi scheme going they lose their jobs. This. SS recipients are the largest voting bloc in the US. Reduce those payments, and all of Congress and the President will be replaced by those voters.
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Joined: Nov 2005
Posts: 8,859 Likes: 2
14 point
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14 point
Joined: Nov 2005
Posts: 8,859 Likes: 2 |
How many times has social security supposed to be out of money by now? I feel like I have heard this multiple times
But, I have been diligent to contribute to my 401k the entire time I have been working so hopefully that will keep me alive
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Joined: May 2025
Posts: 269 Likes: 8
4 point
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4 point
Joined: May 2025
Posts: 269 Likes: 8 |
Looks like Social Security is going tits up by 2032, hopefully it’ll happen sooner than that and that dreadful program will be history.
Signed a millennial paying into a trash program I’ll likely never see a penny from. Being 69 years old and retired, I'll return the sentiment. I hope ALL your investments go belly up and you lose every F'n penny that you invest. Sounds like you might not have invested too much with that sour sentiment and you’re excessively reliant on Uncle Sam? If my investments go tits up, this country/world will effectively cease to exist, index funds can’t fold, nice try. Do you really think land outside Auburn is going to zero, nice try. Thx Relying on social security is relying on contributions that YOU paid. You make it sound like some sort of government handout. And lol the stock market could absolutely fold. It has before. I’m almost 40, I’ve paid enough in SS that I’d definitely rather it keep going than just vaporize all the money I’ve contributed over the years, unless the gov will be kind enough to deposit me a check in a 401k of all my contributions. But that won’t happen. Elon will get more government subsidies and we’ll drop more bombs in the Middle East.
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Joined: Jun 2015
Posts: 15,383 Likes: 77
Old Mossy Horns
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Old Mossy Horns
Joined: Jun 2015
Posts: 15,383 Likes: 77 |
Wolfdog, plan on not seeing anything.
Eventually Social Security will likely be means tested.
If I see anything from that Ponzi scheme in 30 years, I’ll take up a new hobby of driving to West Point Georgia and using it all for lottery tickets.
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Joined: Aug 2014
Posts: 22,815 Likes: 197
Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
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Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
Joined: Aug 2014
Posts: 22,815 Likes: 197 |
Lotta stressing going on in here over something none of us have any control over....
Plan for the worst and hope for the best and move on....that's about all you can do
Isaiah 5:20
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Joined: Jun 2015
Posts: 15,383 Likes: 77
Old Mossy Horns
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Old Mossy Horns
Joined: Jun 2015
Posts: 15,383 Likes: 77 |
Lotta stressing going on in here over something none of us have any control over....
Plan for the worst and hope for the best and move on....that's about all you can do Exactly my plan, plan on seeing $0.00 and if I see anything it’ll fund a new hobby of playing the lotto
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Joined: Sep 2012
Posts: 17,204 Likes: 23
Old Mossy Horns
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Old Mossy Horns
Joined: Sep 2012
Posts: 17,204 Likes: 23 |
Lotta stressing going on in here over something none of us have any control over....
Plan for the worst and hope for the best and move on....that's about all you can do Gomer, Those are words of wisdom pal and I needed to hear them...So, thanks for that....
Did you know that Beer Nutz are over a Dollar...and Deer Nutz are under a Buck...
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Joined: Nov 2003
Posts: 9,027 Likes: 10
14 point
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14 point
Joined: Nov 2003
Posts: 9,027 Likes: 10 |
It’ll be propped up some kind of way. Most likely in a manner that screws the taxpayers royally
The left lane is for the the purpose of moving the flow of traffic forward regardless of the speed limit. If your impeding the flow of traffic get your ass in the right lane. It's really that simple...
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Joined: Apr 2000
Posts: 13,321 Likes: 22
Booner
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Booner
Joined: Apr 2000
Posts: 13,321 Likes: 22 |
Lotta stressing going on in here over something none of us have any control over....
Plan for the worst and hope for the best and move on....that's about all you can do This
The harder I practice, the luckier I get.
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Joined: Apr 2010
Posts: 3,982 Likes: 26
10 point
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10 point
Joined: Apr 2010
Posts: 3,982 Likes: 26 |
When I graduated high school we were told to prepare for social security to be gone by the time we hit 40. Same here
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Joined: Mar 2014
Posts: 3,336 Likes: 26
10 point
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10 point
Joined: Mar 2014
Posts: 3,336 Likes: 26 |
Not going to happen. I’ve been hearing this for fifty years.
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Joined: Jan 2022
Posts: 4,221 Likes: 162
10 point
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10 point
Joined: Jan 2022
Posts: 4,221 Likes: 162 |
Social security drying up has been around about as long as we're gonna get nuked, both are total bs to this point!
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Joined: Mar 2011
Posts: 1,555 Likes: 31
8 point
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8 point
Joined: Mar 2011
Posts: 1,555 Likes: 31 |
Here's the setup: average covered wage of ~$66,600 (SSA's Average Wage Index), 12.4% combined OASDI contribution ($8,258/year — half visible on the paystub, half paid by the employer), discounted back to the start of the career.
Headline numbers (combined employer + employee):
40-year career, wages growing 3.5%, discounted at 4.5%: ~$264K
45-year career, same assumptions: ~$290K
Discounted at 5% instead (your 20-year Treasury threshold): ~$241K–262K
Real-dollar approach (constant real wage, 2% real rate): ~$226K–244K
Undiscounted, the lifetime total is $330K–372K. Employee-only figures are exactly half across the board, so ~$120K–145K in PV terms.
The interesting structural feature: because wage growth (~3.5%) runs close to the nominal discount rate, the annuity barely decays — each year's contribution is worth nearly as much in PV as the last. That's why the PV stays at 70–80% of the undiscounted total instead of collapsing the way a flat annuity would. It also means the result is acutely sensitive to the spread between r and g; if Treasuries hold above 5% while wage growth softens, the PV of the system's future inflows compresses meaningfully — same math that's quietly working against the trust fund's actuarial position
The gist of it is the Greenspan model did not account for the distribution of wealth from the working class to the wealthy..
Last edited by walt4dun; 06/10/26 12:01 PM.
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Joined: Nov 2005
Posts: 8,192 Likes: 113
14 point
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14 point
Joined: Nov 2005
Posts: 8,192 Likes: 113 |
If I’m alive August 19 I will get my first draw from SS.
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Joined: Nov 2011
Posts: 13,750 Likes: 257
Booner
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Booner
Joined: Nov 2011
Posts: 13,750 Likes: 257 |
If I’m alive August 19 I will get my first draw from SS. I'm assuming that is your B-day. Unfortunately SS pays a month in arrears, so you will not get your first draw until late-September if you become eligible on Aug 19. Govt screws you even when you're eligible to draw the money that you were screwed on when you were forced to pay it in to start with. LOL It's a great system.
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Joined: Nov 2005
Posts: 8,192 Likes: 113
14 point
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14 point
Joined: Nov 2005
Posts: 8,192 Likes: 113 |
If I’m alive August 19 I will get my first draw from SS. I'm assuming that is your B-day. Unfortunately SS pays a month in arrears, so you will not get your first draw until late-September if you become eligible on Aug 19. Govt screws you even when you're eligible to draw the money that you were screwed on when you were forced to pay it in to start with. LOL It's a great system. Not my birthday. They hold out two months give or take. Birthday is next week My approval email says it will start August 19 Like you said, they screw you every way possible
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Joined: Dec 2013
Posts: 28,330 Likes: 565
a.k.a. Dingle Johnson
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a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 28,330 Likes: 565 |
I haven't gotten my "Approval Email" yet.
"When I say ever thing I mean ever thing." - Frankie
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Joined: Jun 2013
Posts: 3,336 Likes: 31
10 point
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10 point
Joined: Jun 2013
Posts: 3,336 Likes: 31 |
Lotta stressing going on in here over something none of us have any control over....
Plan for the worst and hope for the best and move on....that's about all you can do Exactly my plan, plan on seeing $0.00 and if I see anything it’ll fund a new hobby of playing the lotto Same here. I would happily vote for a politician who ran on ending SS even if it meant I don’t see a dime from it. I’ll be just fine and my kid’s wages might just get stolen in a lesser amount. I’ll take that.
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Joined: Nov 2005
Posts: 8,192 Likes: 113
14 point
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14 point
Joined: Nov 2005
Posts: 8,192 Likes: 113 |
That’s one reason I’m starting at 62. Hopefully I’ll get a few years out of it. 77-78 seems to be the average death age of my family. They go crazy a few years before that…….
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Joined: Dec 2006
Posts: 18,268 Likes: 63
Old Mossy Horns
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Old Mossy Horns
Joined: Dec 2006
Posts: 18,268 Likes: 63 |
If I’m alive August 19 I will get my first draw from SS. Same here.
Nathan Carl Goff 19 Sept 2016 - 14 Jan 2017.
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1 member likes this:
jmj120 |
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