The Asterisks - Fiberglass RV


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Old 07-31-2015, 05:55 AM   #1
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Name: Norm and Ginny
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The Asterisks

This is not a political statement but rather should be a consideration for traveling retirees.

When you consider SS benefits consider this. On your Social Security Statement there is an Asterisk* statement.

"*The law governing benefit amounts may change because, by 2033, the payroll taxes collected will be enough to pay only about 77 percent of scheduled benefits."

Social Security is not a savings plan, but rather spend as you go. With fewer workers, more people just not working, more retired people, more people receiving 'other' benefits', SS tax collections are decreasing.

Read more at: Social Security Bankruptcy -- The Government Knows It's Coming | National Review Online
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Old 07-31-2015, 07:10 AM   #2
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I noticed that same disclaimer on the statement of possible future benefits they send out every few years. I am many years out from retirement yet and it reinforces that I am not planning on getting any SS and if I do it will be be an extra.
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