Posted on 10/15/2007 2:18:55 PM PDT by trumandogz
SS was started for Widows and their helpless kids.
Its now a Sugar Daddy welfare program with no limits.... then add Hillery's free health care .... we can put a fork in it by 2015.
Dear “cogadh na sith”.... me too! Personally, I couldn’t care less if it was freaking John Lennon come back from the dead toting Tim Leary under his arm. If he paid his due, he’s DUE. The boomers are the biggest voting block EVER in the country. I say ta HELL with the Xers. SPEND SPEND SPEND GET GET GET COLLECT COLLECT COLLECT LIVE LIVE LIVE. There. That makes about as much sense as the “I hate boomers let’s starve them all or throw them in the ocean because they smoked weed and we never did nothing but wear bow ties and sing patriotic songs our whole life” threads. Ridiculous.
***The nation’s first baby boomer applied for Social Security benefits today,***
No he isn’t! My brother born in 1948 is on SS due to health problems and is disabled.
*** Casey-Kirschling, who now lives in Maryland, was born one second after midnight on Jan. 1, 1946***
And I was born Dec 31, 1946!
Touche!
***The nation’s first baby boomer applied for Social Security benefits today,***
No he isn’t! My brother born in 1948 is on SS due to health problems and is disabled.
*** Casey-Kirschling, who now lives in Maryland, was born one second after midnight on Jan. 1, 1946***
And I was born Dec 31, 1946!
The Canadians have been re-jiggering much of the RRSP plans, which are similar to IRA/401Ks here.
My belief: just when you have scrimped and saved to avoid income tax, they will institute larger sales and property taxes, so anything you own or buy will still end up being taxes.
I turn 60 later this month and applied for Social Security last month because I’m a widow. My first check arrives next month and much to my surprise, it’s a lot more than I thought I’d be getting.
Do you actually believe that there is a SS account somewhere with the name "Hi Heels" and X$ amount of dollars in it?!
There's not. It's pay-as-you-go. You paid for some WWII generation oldster's retirement, but there were a lot of you, so it wasn't so bad.
I'll pay for your retirement, but there aren't that many Xers compared to you, so we are well screwed. How much of my income will you want?
Our adult sons are GEN Xers. One is probably more conservative than I am, and the other is recovering from close to two decades of being liberal. We feel very sorry for their/your generation and the one after it.
My wife and I are too old to be boomers, and we have little in common with most we have met.
No drugs and no inheritances just working hard to get our education and be professionals. No draft dodging just enlisting. We have saved for our retirements via our IRAs and 401ks. We have paid a lot into Social Security over the years. Now at 67 and soon be 69, we have no problems getting our monthly checks. My wife still works 30+ hours per week and pays into SS as well as drawing on it.
My retirement has a major medical coverage, and we have long term health insurance to keep us out of the nursing homes. Our cremation and place to park the ashes has been paid for, and we have a trust to fend off the tax suckers.
We have great faith in your generation and the ones coming.
Your generation will be fighting the socialism and the “Its owed to me” mind thought all of your life. Don’t give up the struggle. We are counting on our sons and people like you to make the world a better place for our Grand Kids. You can and will do that! Thank you!
Come on, you don't really think they are gonna let any commoner get ahead do you?
I feel the same way as you - I was born in 1957.
The early boomers were 11 years old when I was born, they were 22 when I was 11, and so on.
Ha, I'm a 70's kid - yet we're all lumped together as part of the "Baby Boom generation".
And according to the new Soc. Sec. rules, I must work until I'm 66 2/3 years old to draw full benefits - if they leave any for us!
SO, since someone has run off with my SSI account, probably my Dad, I will have to depend on you. I wish there were more of you, but there was all this save the planet stuff that wouldn't let us breed like my aforementioned Dad who has 13.
How much of your income will I want? All of it, sweetheart. I'm gonna want to go in style.
You can stay in the guest room, though. And I cook a mean pot of spagetti.
I don’t blame you...my generation has nothing to be particularly proud of, unfortunately. I think in our old age we’ll probably be known as “The Insufferable Generation.”
And that retirement number is probably going to go up.
I’m in Florida.... I guess it’s because of all of the retired folks. I was told my check would arrive the second Wednesday of the month, to lessen the burden on the banks and supermarkets. They since changed the date to the 3rd of the month. Also, being a veteran, Florida throws a few more dollars in the pot.
I was surprised at what they were to give me also....I was also surprised about 3 years later when they informed me that I was overpaid. Had to go 6 months w/out a check to get it squared away...!
Do the math with the limits set 4 years earlier and it’s even worse. It’s already hit and going out of control fast. Arguably, the real boomer generation is 1942 - 1960.
I was born in ‘62 and my dad was even a tad young to be a Korea War vet. He went into the AF in ‘55 and left in ‘60.
Many of us (Boomers) served honorably, in our parents’ footsteps...but far too many of us did not.
But thank you for posting that dramatic picture. I’ve never seen it before.
Yes it is - I think anyone born in the 60's might have to work until 70 or so.
Of course the govt is basing all of this on life expectancy and other factors.
I read in one of the posts that '57 was the peak birth year at 4.3 million babies born.
Just think if that many had been born each year since Roe v. Wade - there could have been more workers contributing to SS today - not to mention a myriad of possibilities had they been allowed to live.
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