It’s my mom’s (99 y.o.) main source of income. But she makes just enough to make her eligible for MediCal benefits that would make her last years much more comfortable. Meanwhile, of course, people who’ve paid next to nothing into the tax system get a free ride. Oh well.
Anyone old enough to remember the magazine ads saying “We retired to Florida on $300 a month!”
But I agree, too many depend on SS and haven’t saved enough to take care of themselves in retirement. Because I draw a state pension, 60% of my Social Security is withheld—don’t want any “double dipping”.
“too many depend on SS and haven’t saved enough to take care of themselves in retirement.”
Oh, they did. And they did so at gunpoint. 12.4% of their pay from age 18 or whenever to retirement age 45 years later. Only the fiduciary has stolen it and is blaming you for not saving for yourself.
Its criminal.
a state pension....got it....