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Latest Discussions»General Discussion»Where did the rest of the...»Reply #1
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General Discussion

In reply to the discussion: Where did the rest of the Social Security fund go? [View all]

Fiendish Thingy

(23,537 posts)
1. Your contributions funded benefits for those who were retired while you were still working
Reply to dickthegrouch (Original post)
Wed Apr 22, 2026, 03:28 PM
Wednesday

Because there were way more boomers working than retirees, the SS fund was solvent.

Now, there are way more Boomers drawing benefits in proportion to those currently making contributions. (Lifting the cap on withholding would solve that for the foreseeable future)

Also, I think you have drastically overvalued the growth of your contributions as if they were in an annuity.

I should have listened to all those advisors who said invest 10% of your income for life!


Yes, you should have, because SS was never designed to be one’s sole source of income in retirement.

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Where did the rest of the Social Security fund go? [View all] dickthegrouch Wednesday OP
Your contributions funded benefits for those who were retired while you were still working Fiendish Thingy Wednesday #1
Thank you for your answer dickthegrouch Wednesday #2
It's not an investment fund. It is a social safety net. Gore1FL Wednesday #3
SS is not a Ponzi scheme, and your math is off Fiendish Thingy Wednesday #4
Why not? They included it in every compensation analysis they ever gave me dickthegrouch Wednesday #7
You are comparing SS contributions to a self funded annuity Fiendish Thingy Wednesday #8
I think what I was trying to suggest dickthegrouch Wednesday #12
It's an annuity that is protected from the gyrations of the markets Fiendish Thingy Wednesday #13
It Is NOT A Ponzi Scheme ProfessorGAC Wednesday #10
"SS was never designed to be one's sole source of income in retirement" Smokster Wednesday #6
+1 leftstreet Wednesday #9
Republicans Rebl2 Wednesday #5
Democrats also used it. Igel Wednesday #14
Remove the cap. multigraincracker Wednesday #11
Latest Discussions»General Discussion»Where did the rest of the...»Reply #1
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