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Re: New Scott Burns column on Social Security
Old 01-30-2006, 09:24 PM   #41
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Re: New Scott Burns column on Social Security

Thanks for the link, Ha. Very informative Q&A section. I'm pretty impressed with Prof. Munnell's command of the facts.
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Re: New Scott Burns column on Social Security
Old 01-31-2006, 08:48 AM   #42
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Re: New Scott Burns column on Social Security

Good link.* And so are some of the other articles linked, like "What Crisis" and "Keep it Simple".* She's obviously against the reform GWB proposed.* If she is correct, then the entire "fix the ss problem" is a myth.*

I did not remember that the Brits had a bunch of people swindled after "privatizing" social security.* QUOTE: After the U.K. allowed workers to opt for private accounts in 1986, many insurance agents persuaded older workers to trade their secure government plan or generous employer-provided pensions for less favorable private accounts. This sparked the famous "mis-selling" scandal that resulted in the insurance companies paying $20 billion in damages for providing misleading advice. UNQUOTE.* I'm sure those people wanted the government to bail them out for their bad choices.* Why can't we take responsibility for our choices? I suppose I could take my SS and buy junk bonds with them. Might get rich, who knows. . .?

Seems to me people are either stupid or greedy.* I thought getting older cured that.* Guess not. To quote Paul Harvey, "Freedom without responsibility won't work." So, I guess we'll all be less free and let big brother do it.
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Re: New Scott Burns column on Social Security
Old 01-31-2006, 10:19 AM   #43
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Re: New Scott Burns column on Social Security

Quote:
Originally Posted by Spanky
I rather take it at age 62 based on the following break-even numbers provided by SS:

* * * * * * * * Break-Even Age
62 vs 66: 76 years and 9 months
62 vs 70: 79 years and 4 months
66 vs 70: 81 years and 4 months
Yes, but since my mom is in great health at 86... her dad died after being mugged while going to the horse track at 97... and we have some relatives that lived to be over 100 back in the 1700s.... I think I will wait... but, there might not be much there when I get there!!
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Re: New Scott Burns column on Social Security
Old 01-31-2006, 01:46 PM   #44
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Re: New Scott Burns column on Social Security

Quote:
Originally Posted by Eagle43
Seems to me people are either stupid or greedy.
Or both...
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Re: New Scott Burns column on Social Security
Old 01-31-2006, 05:26 PM   #45
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Re: New Scott Burns column on Social Security

Quote:
Originally Posted by Spanky
I rather take it at age 62 based on the following break-even numbers provided by SS:

* * * * * * * * Break-Even Age
62 vs 66: 76 years and 9 months
62 vs 70: 79 years and 4 months
66 vs 70: 81 years and 4 months
Counterpoint-

"Imagine you're driving through El Salvador, hit a pothole and blow out two tires on your 2002 Cadillac.

You don't speak Spanish, have just one working eye and, by the way, you're 92 years old.

Earl George, who found himself in just that pickle, did what he often did on his 12,000-mile drive to and from Panama. He talked to himself. After all, this was a solo trip.

"OK, George, you wanted an adventure," he said to himself. "Well, George, this is an adventure.""


http://seattletimes.nwsource.com/htm...ravels31m.html

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Re: New Scott Burns column on Social Security
Old 01-31-2006, 06:00 PM   #46
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Re: New Scott Burns column on Social Security

Quote:
Originally Posted by HaHa
Counterpoint-

"Imagine you're driving through El Salvador, hit a pothole and blow out two tires on your 2002 Cadillac.

You don't speak Spanish, have just one working eye and, by the way, you're 92 years old.

Earl George, who found himself in just that pickle, did what he often did on his 12,000-mile drive to and from Panama. He talked to himself. After all, this was a solo trip.

"OK, George, you wanted an adventure," he said to himself. "Well, George, this is an adventure.""


http://seattletimes.nwsource.com/htm...ravels31m.html

Ha
Pretty darn impressive!

Especially impressive was he only knew three words in Spanish,
and one of them was "Muchacha". You're alright, George.
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Re: New Scott Burns column on Social Security
Old 01-31-2006, 06:15 PM   #47
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Re: New Scott Burns column on Social Security

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Originally Posted by Jarhead*
Pretty darn impressive!

Especially impressive was he only knew three words in Spanish,
and one of them was "Muchacha". You're alright, George.
I think it's more amazing that one of the three words was "manana". For a 92 year old, "tomorrow" is a pretty exotic concept...

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