Thread: Summer Help
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Old 08-15-2018, 02:10 PM   #77
Biggd
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Quote:
Originally Posted by Major View Post
I look at it differently. We're creating another safety net, and not empowering individuals to take ownership of their own retirement. I'd rather have the money that I've contributed to Medicare for the past 30+ years, invest it, and manage on my own. I would even be willing to pay a percentage (25%) and opt out to manage my own funds. SSN for that matter too.
That's fine for you but if you left retirement up to most individuals there would be a severe senior citizen poverty population. One worse than what already exists.
Life happens and many people dip into their IRA's and 401K's when set backs in their life and work history arises. Not everyone is always financially stable throughout their life time.
If we didn't have SS we would have a lot more senior citizens on welfare which would be far worse.
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