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Same here. If you can find the right funds and ride them out, you will make money.
My coworker did that multiple times. It was impressive.Even the worst funds will make money. There is literally no possible way to go bad with privatizing, unless you put your money into single stocks, and funnel it all into one company, and then manage to pick the one company that goes broke.
That would be impressively bad.
.It is not un-biblical to standing against bad laws, anymore than standing against slavery was the upright and moral duty of the Christians in the past.
Something is not quite right.I've been working since I was 18. I've made about $20K a year, every single year since then.
To preserve the amount. private funds fluctuate and you could lose a significant amount of savings, which could devastate an account in late age.I was with you until that last part of locking into the standard SS at a certain age.
What do you mean by that? For what purpose?
If I spent so much time and effort saving up, why would I then turn over my money to the government, when the whole reason for privatizing is because they are incompetent?
If you haven't made over 20k before in your life, you have made some insanely bad career choices are been a terrible worker. Most entry level retail jobs in my area can make more. I haven't made less than 70k a year in a job that doesn't even require a degree.Oh good grief. I'm 40 years old, and last year I got over $20,000 a year for the first time in my entire life. I made.... $25,000 for the year. This year isn't looking good.
Ironically, I have thousands in an Roth IRA. When the market crashed, I started dumping money into it. Smart move on my part.
I also have a 401K, but I have no idea how much is in there, because I don't pay attention to it. I'm sure I'll find out when I am fired or quit this job.
I think real reason you won't tell me how much money you've made yearly on average, is because you don't want to know how many millions you would have right now, if your Social Security sink hole money was put into something worth while.
I've been working since I was 18. I've made about $20K a year, every single year since then.
That means I have been paying $200 a month into social security, since age 18. I'm now 40.
I would have $250,000 in retirement right now, if I could actually have my own money.
Instead, at this rate, my retirement will be $800 a month from Socialist Insecurity.
Thankfully I'm not stupid enough to think that's a good deal, and I'm taking steps to save as much as I can. Too bad others think it's a "good deal" to lock me into poverty..... Thanks a ton.
In general, yes.So what you are saying is a person can pick and choose which laws to follow. Check. So much for submitting to a corrupt govt.
My coworker did that multiple times. It was impressive.
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Was it biblical to sacrifice millions of Christian lives in the 1861 American Civil War just to abolish Black slavery in US Law.? Other Western nations did not have to do so to abolish slavery from their national Law.
....... Modern-day "slavery" still exists today, eg workers slaving in minimum-wage jobs, college student graduates slaving to repay huge student loans, workers slaving to repay huge 30-year home mortgages, etc.
Something is not quite right.
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In comparison, an electrical maintenance technician out of trade school earns a minimum annual pay of US$38,000. ... Electrical Maintenance Technician Salary
Anyway, the Word of God or Bible tells us to be always content with whatever financial situation we are in, and we should live within our means. ...
PHILIPPIANS.4: =
10 But I rejoiced in the Lord greatly that now at last your care for me has flourished again; though you surely did care, but you lacked opportunity. 11 Not that I speak in regard to need, for I have learned in whatever state I am, to be content: 12 I know how to be abased, and I know how to abound. Everywhere and in all things I have learned both to be full and to be hungry, both to abound and to suffer need. 13 I can do all things through Christ who strengthens me.
To preserve the amount. private funds fluctuate and you could lose a significant amount of savings, which could devastate an account in late age.
The point of privatizing isn't that the government is incompetent, it is that, SS is a secure low return fund, which is useless to anyone but those near or in retirement. Younger people can take the fluctuations since they won't collect in the short run.
If you haven't made over 20k before in your life, you have made some insanely bad career choices are been a terrible worker. Most entry level retail jobs in my area can make more. I haven't made less than 70k a year in a job that doesn't even require a degree.
You need to find a trade of some kind to capitalize on.
The civil war didn't abolish slavery.
10 Facts: What Everyone Should Know About the Civil War | Civil War TrustThe Civil War, also known as “The War Between the States,” was fought between the United States of America and the Confederate States of America, a collection of eleven southern states that left the Union in 1860 and 1861 and formed their own country in order to protect the institution of slavery. Jefferson Davis, ... . The United States thought that the southern states were wrong to leave the Union and initiated a war that raged across the country for four years. In 1865, the United States defeated the Confederate States and abolished slavery nation-wide.
.What I am not happy about, is being forced to pay into a horrific wasteful irresponsible system that will doom me to poverty if I retire, when I could be on my way to retiring a millionaire.
No, you contribute all of that. Your employers reduces your pay, to offset the cost of employing you.
All large employers do this, and generally all employers do this.
Look up "Total Cost of Employment". There are dozens of articles, and even employee cost calculators businesses use to determine how much they can pay employees. This is normal throughout the entire economy.
It's no different than if you are trying to figure out how much car or house you can buy, and considering what the taxes will be on the purchase. Same thing.
If they have to pay $3,000 into social security on your behalf, then you are paid $3,000 less a year.
Do not live in this mythology that you only pay half, and the company pays half.
Companies don't have money trees. Every single dollar the company pays out in any kind of tax, benefit, mandate, or regulation, has to come from one of two locations... the customers (us) in the form of higher prices, or the employees in the form of lower wages.
Typically the most popular way is through simply not giving out pay hikes for years on end. It's no surprise that after the tax hike of 1989, that we went almost a decade with stagnant wages. The companies were all paying more for you to be employed in taxes, so you didn't get those pay hikes.
You pay for all those taxes, all the time. Every dollar paid to employer side tax, is a dollar less in your pay check.
The reason people aren't financially ready for retirement is that they don't plan and save for it. Taxes are just the "ante" everyone must pay to sit in on the game. It's actually a pretty good deal.
You can keep saying that, but it's funny how the more people bought into social security, the fewer saved for retirement. It's funny how that just magically happened that way.
It's no surprise to me that between 1930s to 1970s, the pay out for Social Security was exceptionally low, and the personal savings rates in the US, were actually increasing.
Then the personal savings rates starting dropping in the 1970s. You know what else happened in the 1970s? The benefits for social security went up.
Coincidence? Maybe... doubt it... Seems a little too suspicious that the moment Social Security benefits increased enough that people thought the government would take care of them, that magically and mysteriously fewer and fewer people started saving for their own retirement.
And as far as saying it's a pretty good deal.... no it's not. You can say that a million times, but the fact is, it isn't a good deal by any possible measure. Name one measure.... just one measure, that it's a good deal?
People are not even getting out of Social Security, how much they pay in. How is that a good deal? You pay me $600,000 over the course of your entire life, and I'll give you back $550,000? If I'm your investment professional, you'd fire me. You'd be better off putting your money in a plain bank savings account. But you think Social Security is better (sarcasm).
Oh, and that's if you live along enough. If you die, you lose it. That's a good deal? Compared to what? I put my money in a bank, and if I die, it goes to my relatives or a charity of my choosing, or whatever I put in my will to be done with it. You die, you lose it. That's better... yeah...
If I buy $600,000 in stock, I'll be a multimillionaire when I retire. If you "buy" $600,000 in social security, you'll end up with $1,300 a month until you die. That's a good deal? Compared to what?
Even if you buy US bonds outside of Social Security, you'll double your money, and if you die, all of it will go to your spouse or grand kids, or whatever.
But Social Security is good deal compared to that? Don't lie. Your lies are not believable. And it is a lie. There is absolutely no possible way, not one single measure you can cite, that this is a 'good deal'.'
No, it not a "pretty good deal" compared to ANYTHING.
Oh good grief. I'm 40 years old, and last year I got over $20,000 a year for the first time in my entire life. I made.... $25,000 for the year. This year isn't looking good.
Ironically, I have thousands in an Roth IRA. When the market crashed, I started dumping money into it. Smart move on my part.
I also have a 401K, but I have no idea how much is in there, because I don't pay attention to it. I'm sure I'll find out when I am fired or quit this job.
I think real reason you won't tell me how much money you've made yearly on average, is because you don't want to know how many millions you would have right now, if your Social Security sink hole money was put into something worth while.
I've been working since I was 18. I've made about $20K a year, every single year since then.
That means I have been paying $200 a month into social security, since age 18. I'm now 40.
I would have $250,000 in retirement right now, if I could actually have my own money.
Instead, at this rate, my retirement will be $800 a month from Socialist Insecurity.
Thankfully I'm not stupid enough to think that's a good deal, and I'm taking steps to save as much as I can. Too bad others think it's a "good deal" to lock me into poverty..... Thanks a ton.
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Presently, at an annual salary of US$20,000, you and your employer are paying a FICA tax of about US$200 monthly. When you retire at 67, you will be getting about US$800 monthly in SS benefits. I think that's quite fair and not horrible.
That's not a big if. Finding good investments isn't difficult. I've doubled my money in a matter of a few years. All that it required was to check their history, setup a monthly draft from my account, and then let it go. Not a big if.
And as far as saying it's a pretty good deal.... no it's not. You can say that a million times, but the fact is, it isn't a good deal by any possible measure. Name one measure.... just one measure, that it's a good deal?
No, it not a "pretty good deal" compared to ANYTHING.
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