Conservatives Idea's for a SECURE Retirement ...... 401-K Plans

[tom barry]

Get rid of Social Security the GOP will try and tell you. Use personal SAVINGS accounts GWB was fond of saying. UNIONS and Defined Benefit plans are 'Old School '

401 K's give the Individual more control over thier Money they ' Tub-Thump '

Paul Ryan.. THIS , Michele Bachman THAT...Blah Blah Blah.

Then REALITY.

Chesapeake Energy Corp
J P Morgan Chase .... (sorry, I can't get the links for the above two...to work)

( Is it the 4th wednesday of the month yet for my 100% SS Check ?)
( Is it the 1st. of the month yet for my AA defined benefit check ?)
( Is it the 1st. of the month yet (in 2 1/2 years) for my AMTRAK Railroad Retirement Board check ? )


FRIENDS don't let FRIENDS vote REPUBLICAN !!!

 

[SparrowHawk]

INDIVIDUAL Liberty means you are responsible for you! Not Government.

Simple concept, why is it sohard for the free loader class to recognize?

 

[tom barry]

INDIVIDUAL Liberty means you are responsible for you! Not Government.

Simple concept, why is it sohard for the free loader class to recognize?

Sorry Sparrow,......NO freeloader HERE !

Bye the way Sparrow,..........YOU ever collect an unemployment check ???

 

[SparrowHawk]

Sorry Sparrow,......NO freeloader HERE !

Bye the way Sparrow,..........YOU ever collect an unemployment check ???

After 41 Years, in 2009 I was "downsized" and collected Unemployment Compensation for the very first time. I also went back and looked and there was a payroll deduction so I paid for it out of pocket into an insurance plan.

It is also interesting to note that until the Empty Suit took office I was employed continuously since 1968 when I went to work full time at 14 after my Dad passed. I got about all the "Hope & Change" from Barack Obama my wallet can stand and frankly I wouldn't pee down his throat if his heart was on fire.

 

[Glenn Quagmire]

So if one collects SS, AA Pension, and AMTRAK Pension, he is part of the freeloader class? But you collect unemployment and you are exempt?

Must be a Ron Paul bot-ism.

 

[southwind]

I'd rather put "MY" money into "MY" 401K than pay into social security ! Problem is, Democrats have to have the government do everything for them , including looking out for their retirement, hence social security ! I'm sure, in the idealistic, Obama-Socialist,cradle to grave society people like Barry fiercely want to embrace, it won't be long before they expect the government to wipe their ass, as they are probably having issues accomplishing it themselves !

 

[xUT]

Get rid of Social Security the GOP will try and tell you. Use personal SAVINGS accounts GWB was fond of saying. UNIONS and Defined Benefit plans are 'Old School '

401 K's give the Individual more control over thier Money they ' Tub-Thump '

Paul Ryan.. THIS , Michele Bachman THAT...Blah Blah Blah.

Then REALITY.

Chesapeake Energy Corp
J P Morgan Chase .... (sorry, I can't get the links for the above two...to work)

( Is it the 4th wednesday of the month yet for my 100% SS Check ?)
( Is it the 1st. of the month yet for my AA defined benefit check ?)
( Is it the 1st. of the month yet (in 2 1/2 years) for my AMTRAK Railroad Retirement Board check ? )


FRIENDS don't let FRIENDS vote REPUBLICAN !!!

IMHO, you are confused.
Republirats want to phase in 401K "type" plans as a SS replacement, but after the ass kicking the market put on everyone, the plan was shelved, for now.
Republirats, aren't talking about not taking our money for SS, but want to take our money and put it in a 401K "type" plan. That way when they piss away everything and markets crash, they can sit by and say it's our fault (like unions do).
I paid into SS for over 45 years and I want my SS. I also have a 401K but the balance is fluctuated by "my" limited market choices. I also want to continue to receive my promised PBGC money.

 

[tom barry]

IMHO, you are confused.
Republirats want to phase in 401K "type" plans as a SS replacement, but after the ass kicking the market put on everyone, the plan was shelved, for now.
Republirats, aren't talking about not taking our money for SS, but want to take our money and put it in a 401K "type" plan. That way when they piss away everything and markets crash, they can sit by and say it's our fault (like unions do).
I paid into SS for over 45 years and I want my SS. I also have a 401K but the balance is fluctuated by "my" limited market choices. I also want to continue to receive my promised PBGC money.

I have ' NO ' Doubt you worked very hard to be eligible for those 2 funds that you mentioned xUT,................AND....you shall receive them my son. WHY ? Because both of those SOCIALISTIC programs(as SOME Idiots here on the 'cooler refer to them) are .........GUARANTEED !

 

[Dog Wonder]

Give your money to the rich.

They don't need any more and will take care of you.

 

[BoeingBoy]

AND....you shall receive them my son. WHY ? Because both of those SOCIALISTIC programs(as SOME Idiots here on the 'cooler refer to them) are .........GUARANTEED !

How's that GUARANTEE of collecting 100% SS at 65 working out for ya? Or that GUARANTEE that SS won't be taxed?

The only thing in life that's guaranteed is death - sooner or later it catches up with us all. Both SS and the PBGC owe more to beneficieries than they can pay. Sooner or later a day of reckoning is coming, sooner for SS than the PBGC. SS is already spending money it doesn't have.

Jim

 

[SparrowHawk]

So if one collects SS, AA Pension, and AMTRAK Pension, he is part of the freeloader class? But you collect unemployment and you are exempt?

Must be a Ron Paul bot-ism.

I know it's tough to comprehend so I'll type slowly.

The three items above are all contributory or are part of a CBA. The payers are contracturally obligated to provide those benefits. Unemployment is contributory just like SS and 401K plans.

Social Security was nothing more then an election year stunt in 1935. Average life expectancy in 1935 was 55. Benefits kicked in at 65. Like most of FDR's New Deal it was a total fraud designed to enslave a group of voters towards one political party for life and in that regard it has worked. pretty well.

Boeing Boy summed it up nicely, we are going broke, one printing press dollar at a time. Socialism does not help individual Liberty. In fact it destroys it .

 

[tom barry]

How's that GUARANTEE of collecting 100% SS at 65 working out for ya? Or that GUARANTEE that SS won't be taxed?

The only thing in life that's guaranteed is death - sooner or later it catches up with us all. Both SS and the PBGC owe more to beneficieries than they can pay. Sooner or later a day of reckoning is coming, sooner for SS than the PBGC. SS is already spending money it doesn't have.

Jim

SS will raise the 100% collection age to 70(because people ARE living longer Jim), perhaps lower the age 62 benefit to 65% from 70% (i can remember when it was 80%), and I can't speak for everyone else JIM but the amount of tax I pay every 4/15 because of SS is miniscule.

Having lived my whole life relatively near a city underground Subway System, I know EXACTLY what the ' saying ' means ........... Touching Social Security is like touching the 'Third Rail ' !

As for the PBGC........even if they disbanded it.......given a defined date, most likely those already collecting it would be grandfathered in.

Seems like everything in life is timing, and as unfair as that may be for some, it IS what it IS !
It's a situation I did not create !

 

[BoeingBoy]

Seems like everything in life is timing, and as unfair as that may be for some, it IS what it IS ! It's a situation I did not create !

As I said and you now admit, there is no guarantee. SS, Medicare, PBGC are all broken. Heck, the federal goverment is financially broken. Changes will have to be made and going around shouting "Don't worry - they're GUARANTEED" merely puts off the pain - hopefully on the next generation - so you can get yours before the day of reckoning.

I look at the situation from the opposite end - SS and Medicare are nearing the point where two workers pay into them for every beneficiary and I equate that with my two kids having to pay every dime of benefits I get out. With COLA's on SS and medical costs skyrocketing, how much more do I want to inflict on them just so I can have what I was GUARANTEED just a few years ago, which itself is significantly less than was GUARANTEED when I was born 65 years ago? My personal answer is "No more." The problem is that too many people want Filet Mignon at McDee's hamburger prices - they want that GUARANTEE.

Jim

 

[southwind]

I have ' NO ' Doubt you worked very hard to be eligible for those 2 funds that you mentioned xUT,................AND....you shall receive them my son. WHY ? Because both of those SOCIALISTIC programs(as SOME Idiots here on the 'cooler refer to them) are .........GUARANTEED !

You just keep living your life believing everything your government tells you......................"NOTHING" is guaranteed except death and taxes !

 

[SparrowHawk]

You just keep living your life believing everything your government tells you......................"NOTHING" is guaranteed except death and taxes !

And lying scumbag politicians from both parties.