yes and no
At current age I would not opt out, but once I had more financial security I would. Keep in mind it is disability insurance as well as retirement income.
I am more in favor of raising the age someone can access it to 75 or 80, then indexing that age to life expectancy. If system were designed to "guarantee" that
you pay in about 50 years and take out for about 20 years
and
you always get out what you pay in, and the 50% tax is removed (currently 50% of SS benefits are taxed when income is above 44k or so)
you will not get out more than you pay in unless you live past age 95 (or insert age here) or unless you become permanently disabled.
This keeps system solvent for a long time and its a fairer economic model (to rich people its fairer).
__________________
- General questions get general responses. Specific questions get better responses. Want a better answer? Re-read my signature LOL
|