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| Topic: Social Security - Purpose & Benefits | |
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Reminder, guys: let's discuss the topic and NOT other members. There's quite a bit of leeway allowed in the "Current News & Events" and "Religion" forums, but that doesn't mean that we can take pot-shots at each other. No name-calling or derisive talk about each other, please... Happy Valentines to you ,the wee ones and the kitties lori 
Hey, you 2, are my "posts" on SS helpful or potentially helpful, or do you have any ideas or suggestions? I started this thread to try to put something positive into Current Events, and to learn myself. Thanks. Lindyy i think its great but can you start one on the 401k? |
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Hey, you 2, are my "posts" on SS helpful or potentially helpful, or do you have any ideas or suggestions? I started this thread to try to put something positive into Current Events, and to learn myself. Thanks. Lindyy lindyy, i think it's a great topic, with much potential. It's good information. However, I thought there was a discussion on whether or not it was a good idea to privatize social security and why. Is this no longer the case? i asked that question and would love some informed opinions .. |
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Hey, you 2, are my "posts" on SS helpful or potentially helpful, or do you have any ideas or suggestions? I started this thread to try to put something positive into Current Events, and to learn myself. Thanks. Lindyy i think its great but can you start one on the 401k? CLDMom: Were you thinking of this, which I referred to as similar to a 401(k), so that viewers could understand a little bettet what it was about: "As we fix Social Security, we must make it a better deal for our younger workers by allowing them to put part of their payroll taxes in personal retirement accounts. o Personal accounts would be entirely voluntary. o The money would go into a conservative mix of bond and stock funds that would have the opportunity to earn a higher rate of return than anything the current system could provide. o A young person who earns an average of $35,000 a year over his or her career would have nearly a quarter million dollars saved in his or her own account upon retirement. o That savings would provide a nest egg to supplement that worker’s traditional Social Security check, or to pass on to his or her children. o Best of all, it would replace the empty promises of the current system with real assets of ownership. * President Bush understands that reforming Social Security will not be easy. But he believes that if we approach this debate with courage and honesty, we will succeed. Our children’s retirement security is more important than partisan politics. " 
OR do you mean a 401(k) that an employer establishes for an employee? If so, I am not up to tackeling that one. There are so many types offered by so many different employers. I do know that the government has required that businesses, according to the amount of employees that it employs, must offer something. Could you, or do you know someone who could start a thread on this? I know there are law firms that specialize in handling pension plans for employers of all types, perhaps you know someone, or someone knows someone that works for a firm practicing in this area, that might be up to the challenge. I think it is a good idea, even if it just lightly touches upon the subject. Lindyy |
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Hey, you 2, are my "posts" on SS helpful or potentially helpful, or do you have any ideas or suggestions? I started this thread to try to put something positive into Current Events, and to learn myself. Thanks. Lindyy lindyy, i think it's a great topic, with much potential. It's good information. However, I thought there was a discussion on whether or not it was a good idea to privatize social security and why. Is this no longer the case? mnhiker: Cutelildevilsmom had posed the question and it certainly is open for discussion. I myself do not think, due to the complexity of the program, that it would benefit by being privitized. Let's keep it to social security though. Lindyy Well that is one thing we both agree on. 
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Hey, you 2, are my "posts" on SS helpful or potentially helpful, or do you have any ideas or suggestions? I started this thread to try to put something positive into Current Events, and to learn myself. Thanks. Lindyy i think its great but can you start one on the 401k? CLDMom: Were you thinking of this, which I referred to as similar to a 401(k), so that viewers could understand a little bettet what it was about: "As we fix Social Security, we must make it a better deal for our younger workers by allowing them to put part of their payroll taxes in personal retirement accounts. o Personal accounts would be entirely voluntary. o The money would go into a conservative mix of bond and stock funds that would have the opportunity to earn a higher rate of return than anything the current system could provide. o A young person who earns an average of $35,000 a year over his or her career would have nearly a quarter million dollars saved in his or her own account upon retirement. o That savings would provide a nest egg to supplement that worker’s traditional Social Security check, or to pass on to his or her children. o Best of all, it would replace the empty promises of the current system with real assets of ownership. * President Bush understands that reforming Social Security will not be easy. But he believes that if we approach this debate with courage and honesty, we will succeed. Our children’s retirement security is more important than partisan politics. "
OR do you mean a 401(k) that an employer establishes for an employee? If so, I am not up to tackeling that one. There are so many types offered by so many different employers. I do know that the government has required that businesses, according to the amount of employees that it employs, must offer something. Could you, or do you know someone who could start a thread on this? I know there are law firms that specialize in handling pension plans for employers of all types, perhaps you know someone, or someone knows someone that works for a firm practicing in this area, that might be up to the challenge. I think it is a good idea, even if it just lightly touches upon the subject. Lindyy oh lindy i am economics challenged lol 
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OR do you mean a 401(k) that an employer establishes for an employee? If so, I am not up to tackeling that one. There are so many types offered by so many different employers. I do know that the government has required that businesses, according to the amount of employees that it employs, must offer something. Could you, or do you know someone who could start a thread on this? I know there are law firms that specialize in handling pension plans for employers of all types, perhaps you know someone, or someone knows someone that works for a firm practicing in this area, that might be up to the challenge. I think it is a good idea, even if it just lightly touches upon the subject. Lindyy oh lindy i am economics challenged lol
CLDMom: Me too. My dad was great at things like that. He kept a log of all of his benefits (He worked for Peoples Gas and belonged to a union) from when he first started working there. It was huge. He had everything calculated on how much he would receive through his pension, social security from when he first started till a few years after he retired. He worked there for 40 years, so that gives you an idea. He just loved that sort of thing. When my dad passed away, I was the Executrix of his estate and had Power of Attorney. When I went through all of my dad's possessions I came across it. I gave it to my brother since he also worked for Peoples Gas and thought he would appreciate it. It was amazing what my dad had calculated during the years. Lindyy P.S. If there is anything on social security you would like for me to look up and post, let me know. |
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