social security

Jan 11, 2005 23:13

worried about social security...finacial ruin. You cant recieve it if your income exceeds a certain amount (from what I've gathered...mind u I'm impulsive when making an opinion sometimes). Maybe, if they did a survey on the number of people that put money into a 401K, and other savings/retirement funds they can start gauging a rough estimate about the number of reciepeints over the next few years (decades) and by doing this they can figure out who should qualify, who should not, and then begin to make social security an option over the next decade with certain restrictions. By this I mean, you don't have to pay social security if you are already investing into your own retirement plan, but to do this you no longer qualify to recieve social security. However to do this, everyone must undergo counceling to determine if this is right for them...to avoid the average joe that just wants to keep more money to spend presently (this type of thing would be done at different time intervals at different states/counties depending on which population is more or less dependent on social security). And that if something were to go wrong, because those things happen, such as they decide not to go any further with a retirement plan...back again to councelling and back to paying social security and only after maybe seven to ten years of paying (depending on the situation, length of time not paying,ect) once again become qualified to recieve social security after retirement.
about the baby boomers...good god.
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