Ya know what...I really don’t think The Won or the Dems will do that (confiscation). I worked in payroll for a short while...talk about people in an uproar if their check was shorted even $1.
I can see them dissolving the tax benefit and for both employer and employee. Talk about tax income increasing for the government! I can also see them offering a “guaranteed” monetary return in exchange for retirement funds.
I hear ya. but I didn’t think anyone would hijack my health care, either. look what happened.
“I can also see them offering a “guaranteed” monetary return in exchange for retirement funds.”
Right. And to get most people on board with it, they’ll ‘sweeten’ the deal by offering 12% annual return - guaranteed!
But when it comes time to deliver, they won’t even come close to the promised 12%. Sorry my fellow Americans, but due to unforeseen circumstances, you’re only going to realize a gain of 1/2 of 1%/year.
Try McDonalds - they hire seniors...
If they offered me what I paid in paid in to SSI and a portion of the employer deduction as a lump sum to go into my IRA tomorrow, I’d take it.
I think I could do a lot better managing my own money instead of continuing to kick into the Ponzi Scheme of Social Security.