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Personal Finance and Investing

Midnight Writer

(23,372 posts)

6. How about simply beefing up Social Security so it gives a livable income to all who are eligible?

Reply to sl8 (Original post)

Sun Jun 5, 2022, 12:43 PM

Jun 2022

The Thrift Savings Plan is OK, but the money in it needs to be invested, and some investments will do much better than others. Common folk are not expert investors, and the people who will really need that benefit are even less sophisticated in the ways of the Markets.

There is nothing better than a defined benefits plan for all. If it is not sufficient, raise the payout and increase the eligibility.

Yes, I realize I am talking about higher SS taxes.

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There's a push in Congress for a new national retirement plan to fill big savings gap [View all] sl8 Jun 2022 OP

If they add the matching contributions, it would be significant Shermann Jun 2022 #1

More fuckin' socia -- no it's Communism. Gub'mint getting involved in banking. 3Hotdogs Jun 2022 #2

This imples IRAs - the great Republican freedom from Social Security - have been a flop bucolic_frolic Jun 2022 #3

They aren't a flop for high-net-worth individuals Shermann Jun 2022 #5

If Republicans think that more forced savings are in order, up the FICA tax Chainfire Jun 2022 #4

How about simply beefing up Social Security so it gives a livable income to all who are eligible? Midnight Writer Jun 2022 #6

Would be fine, if it works. TSP was good for us. elleng Jun 2022 #7