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  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    They were calling for the end of Social Security in the 1970's"

    You are aware that its reached insolvency in 1983.

    I have an interest in making people aware of authors who haven't really researched their work.
    Aug 30 05:35 PM | Likes Like |Link to Comment
  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    I didn't say that Bogel was an idiot. I said he is wrong. I didn't say that I was a genius. I pointed out that you contradicted yourself.

    Your article talks about including Social Security in an retirement plan. That plan has no concern for risk. The question "How large of an annuity would I need to generate $3100 a month?" is a meaningless one, unless you know the level of risk that you are willing to take to get it. That isn't a plan.

    The idea that I would suppress Bogel's right to speak is laughable. I am only asking you - the person who quoted him - to point out where he is ignoring risk. The risk isn't a matter of my opinion, yours, or some financial advisor. Risk can be based on the statements of the Trustees.

    Maybe you think they are stupid and that you are the genius. All I am asking is that if you write about the subject of Social Security you should at least research the income stream that you are talking about. It isn't fixed - that isn't my opinion it is the opinion of the Trustees.
    Aug 27 05:38 PM | Likes Like |Link to Comment
  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    I am not worried about me or you. There are however millions of people for whom the system is a sole lifeline. They deserve better. I wouldn't call people who read or quote the Trustee's Reports fear mongerers.
    Aug 27 05:11 PM | Likes Like |Link to Comment
  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    You are aware that none of those things are paid for by Social Security?
    Aug 27 10:02 AM | Likes Like |Link to Comment
  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    "u say you manage money. So an investor comes to you. What kind of guarantee do you make to that investor? Can you guarantee that he or she is even going to be alive tomorrow? You can't. There are no guarantees in life. "

    You aren't an investor in Social Security. So comparing risks with investments or 7s in craps isn't terribly relevant.

    Here you say "Now, I never implied or meant to imply that SS is a good investment. " when actually you quoted Bogel "So you've got a $300,000 fixed-income position and probably the BEST FIXED-INCOME position you will ever have in your life." (emphasis added) So forgive your readers if they say you did.

    Bogel is wrong. Social Security is not fixed income. The Trustees have told you this. Now you really are saying that you think that the Trustees are wrong when you say "They might call it something else, but SS will be there". This is where you are leaving the world of fixed income and getting into an entirely different universe of probabilities.

    I have read these articles, and they have the same problem. You can't treat something as fixed income when the provider is telling you that it isn't. The Supreme Court has already said that you have no earned interest in it. You can say that it is a probability, but that isn't fixed income.
    Aug 27 10:01 AM | Likes Like |Link to Comment
  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    Mike, I am not sure where you get your information, but this statement isn't close to true. The Trustees of the system - who are far from the most worried - say that Social Security in a GOOD economy might pay benefits until 2033. That doesn't mean that the system can pay benefits until 2033. In fact, the Trustees provide a less optimistic version where the system runs dry in 2027.

    If 75% is OK for future retirees, let's do it now and there is no problem. Your statement that 'again if there are no changes' assumes that future workers will be willing to pay 12.4% of their wages into an insolvent system. That isn't logical nor common sense.

    To suggest that concern for the system is fearmongering is a little much. The people down stream of the system have few choices. It is completely wreckless and irresponsible to those people to run the system as it is. Again, if 75% is OK, lets do it today.
    Aug 27 09:20 AM | Likes Like |Link to Comment
  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    I didn't say it was going away. I said it is too unpredictable to view as a stable stream of income.

    Here is where we disagree. Yes the govt is able today to make these provisions, but I don't see that happening over the long term. I would point you to Bear Stearns. When financial imbalance is brought to light, it reconciles itself very quickly. How that reconcilation occurs isn't known now.

    You have to believe that younger workers are willing to support both our debt and us in retirement. The interest burden in this country is about 25%, and we have forced interest rates down. If interest rates normalize, we will quickly rise to a point where interest burden is 100% of revenue. My guess is that there will be an generational conflict in which younger voters have a say.

    I cycle in periodically to look at SS articles. I watch it closely, and what I am seeing is that while people love the concept they hate the bill.
    Aug 26 11:03 AM | Likes Like |Link to Comment
  • Social Security Benefit Strategies Against The S&P 500 [View article]
    If you expect to be reliant on Social Security, you should pay close attention to what the Trustees have said. Today - in a GOOD economy - anyone 64 or younger expects to outlive full benefits in the system.

    You should not vote for anyone who says that Social Security is - you know - structurally sound. Opps... That was both of our last candidates.
    Aug 26 10:35 AM | Likes Like |Link to Comment
  • Social Security Benefit Strategies Against The S&P 500 [View article]
    CF -

    Are you aware that SS has been means tested since 1983, with a test that now reaches up to 1/3rd of retirees.
    Aug 26 10:30 AM | Likes Like |Link to Comment
  • Social Security Benefit Strategies Against The S&P 500 [View article]
    The problem with your approach is that everyone else is trying to do the same thing.

    The failure of any of these articles to look at the possibility of insolvency is a staggering omission. The Trustees say that we would have to add nearly 10 trillion in 2012 dollars just to remain solvent - so insolvency is coming. It is only a question of degree.

    "It will be a different universe for those who are under 55. "

    Today according to the Trustees, the system in a good economy will not be able to pay scheduled benefits to anyone who is 64 or younger today.

    " I'm sure future retirees will be facing things like means tests,"

    SS has been means tested since 1983, with a test that now reaches up to 1/3rd of retirees.
    Aug 26 10:29 AM | 1 Like Like |Link to Comment
  • Social Security Benefit Strategies Against The S&P 500 [View article]
    Today Social Security isn't much different than spending quarters to buy dimes. There will be dimes in there for you provided that you convince your kids to spend quarters to buy nickels.

    This is what SSA isn't telling you. It says that the system will continue to provide 77% of your scheduled benefits, but that is only true is future workers are willing to put 12.4% of their wages into a system in collapse.
    Aug 26 10:23 AM | Likes Like |Link to Comment
  • Social Security Benefit Strategies Against The S&P 500 [View article]
    Your article isn't informative because you fail to point out that Social Security may not be there.

    According to the Trustees, SS needs roughly 10 trillion dollars just to be SOLVENT. This doesn't fix SS. It is the cost to make the boomers problem a problem for millennials. Here is the problem. They may not agree.
    Aug 26 10:20 AM | Likes Like |Link to Comment
  • Social Security Benefit Strategies Against The S&P 500 [View article]
    The only way that you will get paid is by convincing your children to spend a quarter to buy a dime. The only way that your children will get paid is to get them to convince their kids to spend a quarter to buy a nickel.
    Aug 26 10:17 AM | Likes Like |Link to Comment
  • Social Security And Dividend Growth Make Up A Complete Retirement Package [View article]
    David, the flaw in the title, and maybe the article as a whole is that Social Security isn't guaranteed. According to the Trustees it is highly unstable. For someone 64 and younger, the worker expects to outlive full benefits.

    Within the system, it has roughly 3 1/2 years of funding. Every other dollar that the system pays depends upon workers being willing to pay quarters to get dimes.

    There are a lot of risky investments that will pay you more.
    Aug 26 10:14 AM | Likes Like |Link to Comment
  • Social Security: Here's How to Extend the Fund's Life [View article]
    "and its very feasible, politically"

    It is always easy to throw other people's money.

    There are nine reasons that it is a bad idea. The main one is that as you increase taxes on the rich for Social Security, it makes paying down our debt more difficult.

    It is like putting your 401K contribution on your child's credit card.

    If you write about the issue, feel free to send it to us. Contact (at) FixSSNow (dot) Org. Our site lists all of the alternatives.
    Jul 29 12:25 AM | Likes Like |Link to Comment
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