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I don't think of SS as the "ground floor" of my retirement planning. I think of it more as the icing on the cake, or really the whipped cream on top of the icing. If it comes, it will make things a little sweeter, but if it doesn't, everything will still be just fine due to our own saving and planning along the way.
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While that is probably the best attitude to have during accumulation, I find it incorrect. I used the term "ground floor" but probably the cliche "safety net" is the best term.
You think you could never lose your retirement savings?
You sure about that?
What if a child of yours got a serious illness and you needed experimental treatment?
What if your child called and said, "Hey Dad, I'm in jail for. . ."
What if you were the victim of a frivolous lawsuit and got sued beyond policy limits?
What if a parent of yours had Alzheimer's for 10+ years like Ronald Reagan?
You think your retirement is 100% secure?
Think again.
That's why SSI is actually the "ground floor" or "saftey net" of your retirement. As much as this forum is full of "planners" there are always possibilties that can lay waste to the best plans laid.