Bobby's Soapbox - "Social Security"

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3.3K followers

Social security is a concept of Universal Declaration of Human Rights, which states:
Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.
In simple terms, the signatories agree that society in which a person lives should help them to develop and to make the most of all the advantages (culture, work, social welfare) which are offered to them in the country.

Social security may also refer to the action programs of government intended to promote the welfare of the population through assistance measures guaranteeing access to sufficient resources for food and shelter and to promote health and well-being for the population at large and potentially vulnerable segments such as children, the elderly, the sick and the unemployed. Services providing social security are often called social services

That being said, How Social and Secure is Social Security?

Try living just on that without other income?

Try having just the medical from social security without a supplement healthcare?

For you youngsters out there, you can't have it until you are 65 years old or unless you are on a disability. That is the guidelines in the USA. I am not sure about the country you live in? You can help us out with that.

By the way they are thinking of doing away with it because the funding will be gone!

So, we better make a lot of money with WA !

Bobby

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Recent Comments

16

I am just about to apply for it. I know that, when I was a kid, I said I would never get it because it has been 'borrowed' every month since it started. I'm going to find out....

Mickeyb

Mickey go for it You Use It or Lose It!

Well, pretty soon, everyone will be losing it whether they are on it or not\, unless something is done fairly quickly.

Bobby...I've been paying into SS since I was 14...that's 57 years...more than half a century...things were going OK with all of it, since it was set up as a TRUST fund NEVER to be touched...BUT LBJ wanted the Vietnam war, AND his "Great Society"...you know, the old "guns or butter" choice...and the ONLY way to finance BOTH was to "borrow" (READ "RAID") that "TRUST" fund...so LBJ's cronies NEVER intended to pay any of it back...and THAT is the REAL reason SS is where it is today...I had my accountant take the money I have put into that "TRUST" fund and asked him to do some figuring...he told me that if I had been able to put MY SS funds into a simple savings account at 2%, I could have retired with a "nest egg" of 1.78M USD!!!...on what I receive NOW it would take me another 123 years to get to that amount...and I will NOT apologize for this rant but so long as ignorance rules this land we will continue to slide into something the world NEVER intended it to be...remember: SS was begun as a TRUST FUND, and I have put over $1M USD into it!...not a happy camper about this...and,Bobby, you ARE correct, WA is the only sane way out of it all...here endeth the lesson...

You rant away, Dr. Arthur! It needs to be said. Thanks, Lynne
P.S. Some are taking an early retirement at age 62. If you wait, you will receive more $$$ per month.

That is if you live that long. Taking it at 62 it will take at least 10 years to match early SS.

But how much longer can we Trust That Fund? That is one reason why we are here at WA!

AMEN!

It is a tough thing to survive on! Everyone needs to have a 401K or a pension to go with social security...

You need to have something!

It is a bedrock allowance but was never meant to be long term stand alone!

Mike,
I guess people just enjoy it while it lasts.
Thanks,
Bobby

We are living in some interesting times Bobby, the online industry will give so many so much opportunity.

Alexander,
It gets more interesting every day!
Thank you,
Bobby

It's the same or even worse now here in Greece, Bobby!

Reanna,
Isn't that horrible? We just can't get old I guess.
Thank you,
Bobby

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