tag:blogger.com,1999:blog-8824441942893023866.post4970227144837025374..comments2023-08-10T04:20:47.478-07:00Comments on Shtinkykat's PF Blog: My Future Without Social SecurityShtinkykathttp://www.blogger.com/profile/13463418160441246011noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8824441942893023866.post-91229924030400330872009-11-22T12:35:35.644-08:002009-11-22T12:35:35.644-08:00It is very interesting for me to read this post. T...It is very interesting for me to read this post. Thank you for it. I like such topics and everything that is connected to this matter. I definitely want to read a bit more on that blog soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8824441942893023866.post-14706186993683890072009-05-20T06:22:17.208-07:002009-05-20T06:22:17.208-07:00I'm a pessimist in nature since I can't imagine no...I'm a pessimist in nature since I can't imagine nothing worse than believing there's a pot of money and turns out there's none. I'm imagining that if SS survives by the time I retire, the gov't may implement a means test. I still think it's better to mentally prepare as though there'll be none.Shtinkykathttps://www.blogger.com/profile/13463418160441246011noreply@blogger.comtag:blogger.com,1999:blog-8824441942893023866.post-67280667542167931012009-05-20T01:05:01.850-07:002009-05-20T01:05:01.850-07:00I hate to be a broken record, but I really think a...I hate to be a broken record, but I really think all this doom and gloom about SS/Medicare is overdone.<br /><br />I guess it certainly can't hurt to plan on not having Social Security. Because if you're right, you're already on track. If you're wrong, pleasant surprise!<br /><br />But there was a good MSN Money piece about why the most recent report is probably not accurate. Also don't forget that, like any program in trouble, Social Security has a vested interest in making things sound bad, so that funding comes through/appropriate changes get made. Squeaky wheel gets the oil and all that.<br /><br />Here's that article, in case you want a different perspective: http://blogs.moneycentral.msn.com/topstocks/archive/2009/05/13/the-great-social-security-and-medicare-panic.aspxAbigailhttp://ipickuppennies.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8824441942893023866.post-2649977412032125792009-05-19T23:03:14.721-07:002009-05-19T23:03:14.721-07:00I consider my "retirement" accounts to be my end o...I consider my "retirement" accounts to be my end of life accounts. It's my hope that they will hold out through my last debilitating illness that does not allow me to hold down a job. I see no future in which I will be able to retire .The Lost Goathttps://www.blogger.com/profile/00047062069421428331noreply@blogger.comtag:blogger.com,1999:blog-8824441942893023866.post-33249658835236034272009-05-19T17:35:40.931-07:002009-05-19T17:35:40.931-07:00I am planning on a low cost retirement for the mos...I am planning on a low cost retirement for the most part (18k a year would be extravagant1!), but I am like you, I am not counting on Social Security.<br /><br />There is a ray of hope for the generation after the baby boomers (gen x) because it is relatively small compared to the generation behind it. If SS can remain solvent through the lifespan of the baby boomers, the gen x folks should have it made. That is just more proof that the whole thing is a giant Ponzi scheme.Over the Cubicle Wallhttps://www.blogger.com/profile/04842722161649016062noreply@blogger.comtag:blogger.com,1999:blog-8824441942893023866.post-40826280771444251052009-05-19T16:06:38.804-07:002009-05-19T16:06:38.804-07:00oh yeah, that's a downer for sure. i'm not counti...oh yeah, that's a downer for sure. i'm not counting on social security either. hopefully i will be completely debt free in retirement (including mortgage). if this is the case, my living expenses may actually be lower at that time. a girl can dream can't she?Ms. MoneyChathttps://www.blogger.com/profile/03687376914286381209noreply@blogger.comtag:blogger.com,1999:blog-8824441942893023866.post-55299542962453061242009-05-19T07:43:00.000-07:002009-05-19T07:43:00.000-07:00I don't make very much money so I know I won't hav...I don't make very much money so I know I won't have a great retirement. I cried one day when I realized I problem could never have enough. I'm just doing the best I can!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8824441942893023866.post-21269299544191320142009-05-19T07:02:00.000-07:002009-05-19T07:02:00.000-07:00I think Social Security and Medicare will be there...I think Social Security and Medicare will be there in some fashion by the time we retire. The problem is that the government, as big as it is, can really only deal with one big problem at a time. Unfortunately the Social Security and Medicare issues have never risen to the top of the list. Eventually they will and it will be some campaign issue and something will get done. Albeit, that will happen at a much greater cost than if they had just done something about it 20 years ago when they should have, but that's beside the point. <br /><br />Still, I usually end up doing most of my calculations assuming that Social Security won't be there, and yes, that's extremely grim.Money Beaglehttp://www.moneybeagle.comnoreply@blogger.com