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Personal Finance and Investing

Marthe48

(19,350 posts) Sat Nov 30, 2024, 04:11 PM Nov 30

Anxiety about retirement income, savings [View all]

Is anyone else worried about how bad things will get? I don't mean prices and tariffs, which are bad enough. I'm worried that SS and pensions will end in January, regardless of what the laws say. I'm worried that rwnj will suspend laws that protect us and seize our assets, force a change to crypto and bankrupt a majority of individuals. Am I being ridiculous?

23 replies

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Anxiety about retirement income, savings [View all] Marthe48 Nov 30 OP

YES! XanaDUer2 Nov 30 #1

I think there would be blood in the streets. multigraincracker Nov 30 #2

A parasite can't survive if its host dies. Ocelot II Nov 30 #3

Won't happen in January, will take longer IF We the People allow it to do so. elleng Nov 30 #4

Pretty much same fear thinkingagain Nov 30 #5

I don't think they will touch SS or Medicare for those already getting it. SSI and Medicaid doc03 Nov 30 #6

I'm 5 years from retirement. CousinIT Nov 30 #15

I a little further awat... 8-9 years.... Happy Hoosier Dec 3 #19

Talk w/ a financial advisor (a fiduciary if possible) CousinIT Dec 3 #21

That's good advice Happy Hoosier Dec 3 #22

their demolition 2025 mentions privatizing pensions Marthe48 Nov 30 #16

at 72 i need a job rampartd Nov 30 #7

Me, too! My husband says it won't happen but Peregrine Took Nov 30 #8

Not going to happen especially end of January! jimfields33 Nov 30 #9

I was holding out getting social security until I was 70 and I got a year and half to go kimbutgar Nov 30 #10

No, you're not. That said, I think what we'll see is a huge grift... Joinfortmill Nov 30 #11

Corporate America and GOPers are not going to cancel SS for almost 70 million people, roughly half Repubs. Silent Type Nov 30 #12

I'm worried that they will find a way to blame it on Democrats. Happy Hoosier Dec 3 #20

At the very least, it will not happen in January Lulu KC Nov 30 #13

YES. I moved some of my retirement money out of the fucking gambling casino - er... CousinIT Nov 30 #14

The scenario you describe isn't going to happen Fiendish Thingy Nov 30 #17

No, that's not ridiculous. There are a lot of laws on the books and regulations bucolic_frolic Nov 30 #18

I am 76 years old, and for at least fifty of them PoindexterOglethorpe Dec 5 #23