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Actually, it's not really my proposal. I got it from Harry Browne when he was the Libertarian candidate for President.Originally posted by OperaTenor:
What you propose is certainly better for individual Americans than what GWB proposes(I pondered why we didn't do that earlier in the thread).
I unexpectedly started saving for my retirement when I bought a house in Orange County in 1975. It turned out to be a bang-up investment, and I'm still building on the equity that place started.Originally posted by TrumpetMaster:
Quote from Barfle
"and encourage everyone to plan their own retirement."
From the time I was a teenager my dad encouraged me to save and invest (wisely) for my retirement.
I probably started actively saving for retirement in my late 30s. My mortgage payments weren't draining me dry, and I really didn't have major expenses to worry about. Of course, I lost it all when I decided to give self-employment a go, but at least I had acquired the discipline of not spending your entire paycheck THIS WEEK, so building it back up wasn't all that much of a burden.Originally posted by TrumpetMaster:
I have another 10-15 years before I start thinking about retiring. I have always looked at Social Security that would be extra spending money when I'm retired as my grandparents relied fully on SS and it wasn't enough.
I urge the younger generation to start saving now, if their company has a 401K plan that is pre-tax, start doing payroll deductions. If you have your own business there is a plan you can invest in, just forgot the name of it.
Just my 2cents.
Its not that ANY change is better than dismantling it, its that the privatization/personal accounts AS PROPOSED is not better.originally posted by h@wDismantling the SS is a good thing but changing it isn't?
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