Quote:
Originally Posted by GrimJack
Social security is not an entitlement!
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I'm not too confident that I'll ever see what I put into social security ever since it scheduled to bankrupt the System by 2041. Social Security is nothing like 401K. When I put my money into, it is "my money" and it goes into my account with my name on it. In the Social Security system, the money you pay into the system gets immediately paid back out to the people who are currently getting Social Security checks. In contrast, like 401K its self-directed retirement investment vehicle. With Social Security you don't have any control of what put in period. Furthermore Social Security System has just too many "hand in the cookie jar" with individuals never even paid into the system. That's entitlements. Why because Congress said so. You can call it whatever you like it really doesn't matter to me one way or the other. Don't depend on this system unless you are closer to the qualifying retirement age. If you are, consider yourself lucky cause I'm paying for your retirement checks.