EastWest Gal
Thinks s/he gets paid by the post
Or draw down your IRA+401K even if you do not spend it all, and hide it under the mattress. No more investment. Stock market will crash, and the economy will suffer, but who cares?
If only the poor get SS, then everybody will find a way to be poor, maybe even involuntarily.
I think some form of reduction will be enacted, but not outright cut-off.
I doubt it. My late aunt's SS was about $760/mo. Try living on that. Fortunately she had two generous siblings.
More likely the ceiling will be removed or at least increased.
Sent from my iPhone using Early Retirement Forum