Ratt Mhule
Active member
My take is that Im not worried about my retirement. Like I said, I invest in multiple accounts and my wife will get a pension working in the public school system, plus SS for both of us. I have financial advisors that I trust and they can do the math for me. It wont change my mind on SS or protecting it for others.Any luck on the investment calculation? Google will do it for you and I’m interested to hear your take
The issue I have with your arguments are that they are a one size fit all solution. Everyone should just invest 6% of their income and they will be set. Problem is, the real world is not one size fit all. We all have s#!t we deal with and stuff doesnt always go to plan. I was laid off from a six figure income job in January due to lack of sales and then my daughter had a bunch of medical issues arise and now medical bills are piling up. Thats just my situation, people are in worse off shape than me because I am pretty good with finances and didnt need to dip into savings or investments before I found another position.
Plus, $36,000 income can get you further depending on where you live. $36,000 will get your further in Nebraska than it will in NY, so I would possibly be able to invest more in Nebraska because I would have more disposable income. However, one emergency bill (car, medical, etc) could financially ruin someone making $36,000/yr and then they wont be able to invest unless it is mandatory like buster said and in that case, it would be the same as privatized SS. Id rather have guaranteed SS income and invest what disposable income I have, but thats my opinion and its the opinion of the majority of our country, which is why politicians have to lie about cutting earned benefits.