Of course all the chatter in Washington these days is about the unsustainable deficit. Folks are talking about means testing the middle class retirement programs like Social Security and Medicare (obviously Medicare isn't going anywhere, but perhaps a larger premium would be required for folks who have means.)
It seems that folks like us that are / have been building up a nest egg would end up getting screwed by all this. If there is a high balance in an IRA, thus having a sizable RMD, or income generating or non-retirement liquid asset, or a side pension, etc., then the entitled SS benefit may be means-tested completely away!
To not get screwed, it may require that folks don't save up too much, so that they can keep their entire benefit!
It seems that folks like us that are / have been building up a nest egg would end up getting screwed by all this. If there is a high balance in an IRA, thus having a sizable RMD, or income generating or non-retirement liquid asset, or a side pension, etc., then the entitled SS benefit may be means-tested completely away!
To not get screwed, it may require that folks don't save up too much, so that they can keep their entire benefit!