Inquisitive125
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NO! You should take advantage of the 401k plan offered through your employer or open an IRA account. There's no way that Social Security can begin to cover your retirement expenses....just read the papers and ask anyone who receives Social Security!
You are responsible for you...never forget it and make it your first priority! |
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JOYCE M
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Only if you want to live in the park, in an old refrigerator box. You should have a job, where there is a 401K, and a retirement fund, or one you can start yourself. |
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Bobbie
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nope! It may not even be around when you retire. And even if it is, it'll be a very small amount. |
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coka-ko-lah
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Oh hay-el no! Put $120/ month away at 20 and you'll have 1 mil at 65. Stick to strictly soc. sec. and you'll starve on $300/mo. |
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Kitty
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Absolutely !! Just make sure you have a place to live and it is paid in full along with all the utilities paid for 30 years in advance. Be sure to have NO plans on traveling and enjoying a holiday. Make sure you can live on beans and wieners and you will be just fine!
Life is good !! |
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Bigdog
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It depends on what you did before retiring. Personally, unless you want to live in poverty, then the answer is NO!
I recieve SS and it is at the top end of the scale. It doesn't cover my bills! If you didn't pay the max in SS while working, you can expect much less. My mother-in-law gets about $300 a month. Can you live on that? |
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Franco
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You could, just about, if you lived in Europe. But the US cannot support its old people. It needs the money for more important things, like bringing democracy to the Muslims etc. |
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ramila p
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no ,they increase the age limit .i think it is 67 years. |
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Amanda
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No no no no no!!!!!!!!!! Hell the way Medicares rates are going up half of your check will go towards the premium. |
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Serena M
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Recently, SS determined the funds are available to pay 100% up to 2040. In this recent announcement, they shaved off a few years. We can expect this type of information regularly. Meaning...no the funds will NOT be available when you retire. Take advantage of 401K programs, IRAs, and wise blue chip stock purchases (average return is 7-8% annual over time). |
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Momof3boys
|
No! |
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Sass B
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nope - as far as you're concerned it's just one more welfare tax. you will never see that money again. thanks democrats! |
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