This article is stupid. Who says you have to stay in the US when you retire? You can live a pretty nice life on 2k a month in Thailand or Mexico. Jesus, if you have 1 million cash, just buy a 5% CD and get 50k every year. That equates to 3 thousand after taxes...plenty to live on in another country and that's before adding your social security checks.
Drink your margaritas by the bench every evening doesn't sound so bad.
jo mama
of CO
@
Jun 03, 2008 17:03:10 PM
Doom and gloom
I am under 40 and I know that Social Security will be there for me when I retire and long after. I tire of the doom and gloom from people about Social Security. Even if we do nothing, the only bad thing that will happen to it is that sometime in the middle of the century, benefits will be 75% of what they would otherwise be. If we make a few minor changes, Social Security will be 100% solvent forever. Why do people think that a program that has been around for decades is all of a sudden going to disappear in four decades hence?
Doctor Gonzo
of MN
@
Jun 03, 2008 15:59:57 PM
One Flaw
Social Security will not exist at retirement for anyone who is under 40 today. Neither will Medicare.
The thought that either program will make it that long -- or that Social Security will replace 45% of your income -- is a complete and utter delusion.
Accept it, plan for it. I haven't included Social Security in my retirement plans for years.
Deane
of SD
@
Jun 03, 2008 15:37:54 PM
$100-200k to retire on ? you would die in rags. I hope Pond isn't advising my father.
jo mama of CO @ Jun 03, 2008 17:03:10 PM
Doctor Gonzo of MN @ Jun 03, 2008 15:59:57 PM
Deane of SD @ Jun 03, 2008 15:37:54 PM
Chris of NY @ Jun 03, 2008 14:34:06 PM
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