PebHmong Discussion Forum

General Category => General Discussion => Topic started by: hmgROCK on September 24, 2018, 02:13:34 PM

Title: if Social Security is being reduce at year 2035, might not even exisit
Post by: hmgROCK on September 24, 2018, 02:13:34 PM

maybe,
you need a 2nd plan????

im just saying
when you are old and can't work

you going want to have a safety net

probably a good idea to start really contributing to those 401k, IRA, etc...
as a safelty net

Title: Re: if Social Security is being reduce at year 2035, might not even exisit
Post by: theking on September 25, 2018, 12:22:36 AM

"2nd plan"?

Perhaps hit up the "hmong Nostradamus" for some winning lottery numbers since he's "always right" and use that money for the "safety net"...?  ???

Title: Re: if Social Security is being reduce at year 2035, might not even exisit
Post by: hmgROCK on September 25, 2018, 07:19:24 AM

that thing you been paying with your paycheck
social security (government sponsor mandatory retirement plan)
might/ or might not be there in the future

USA is in debt

need a second plan just in case
aka 401k, IRA, saving, etc....


https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html (https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html)

As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.1

Title: Re: if Social Security is being reduce at year 2035, might not even exisit
Post by: Cali Guy on September 25, 2018, 09:29:33 AM

Fraud out there also contributes to the depletion of SS reserve.

Title: Re: if Social Security is being reduce at year 2035, might not even exisit
Post by: Yebleng on September 25, 2018, 11:20:14 AM

No more freebies. We're all going to work into our graves :'(

Title: Re: if Social Security is being reduce at year 2035, might not even exisit
Post by: theking on September 25, 2018, 04:12:09 PM

Quote from: Cali Guy on September 25, 2018, 09:29:33 AM

Fraud out there also contributes to the depletion of SS reserve.

Yep, "Fraud" has no shame whether it be stealing from the SS reserve or food stamps or ....