Haystack Mountain Private Resort

[steamboat1]

Can't turn it down when I hit the age whether 62 or 70 since I paid into it. They don't leave you much of a choice. Many don't need it but can't turn it down. Keep earning past the age & they'll give you even more. Gotta love America.

 

[MadMadWorld]

Failed social and economic policies because no one can agree on anything. Everyone thinks their shit don't stink. I'm conservative but guess what liberals have some good ideas too. It's the folks that are polarizing that refuse to compromise on anything that have been responsible for most of these issues. It's no wonder that every president looks like they have aged 30 years when they leave office

 

[Tin]

Failed social and economic policies because no one can agree on anything. Everyone thinks their shit don't stink. I'm conservative but guess what liberals have some good ideas too. It's the folks that are polarizing that refuse to compromise on anything that have been responsible for most of these issues. It's no wonder that every president looks like they have aged 30 years when they leave office

For once, we completely agree. :flag:

 

[drjeff]

Can't turn it down when I hit the age whether 62 or 70 since I paid into it. They don't leave you much of a choice. Many don't need it but can't turn it down. Keep earning past the age & they'll give you even more. Gotta love America.

True, you can't turn it down. What you could do though if you feel like you don't need it/want it, or have "overdrawn" what you paid into it, is voluntarily overpay that same amount of $$ back to the gov't in extra taxes - they will never go after you for paying too much in taxes, but will almost always eventually go after you if you don't pay enough in taxes. I don't know of too many people, across any economic demographic, who voluntarily pay more in taxes (of any type) that they owe....

 

[HowieT2]

geez, as drjeff said, the problem with SS is a demographic issue. The baby boomer bulge in population combined with longer life spans. It will be worked out. the bigger problem is the media getting people worked up about every issue, blame the liberals, blame the republicans, the old people, the wasted youth, immigrants and on and on and on. Can't we all just ski and be happy?

 

[cdskier]

Can't we all just ski and be happy?

+1!

 

[Tin]

No! It is summer and there must be much philosophical debate about nothing!

 

[HowieT2]

No! It is summer and there must be much philosophical debate about nothing!

okay, gotcha. I'm going to finish off the crap on my desk and go home so I can get a bike ride and swim in before dark.

 

[The Sneak]

Nantucket...such a beautiful place spoiled by the sweaters over the shoulders set. (
I swear to God there were guys my age there (30s) who looked like Francis from Pee Wee's Big Adventure.

Downtown is vile BC of this...but the nature preserves there are awesome

I digress


Sent from my iPhone using Tapatalk

 

[mbedle]

The real problem with SS is that when it was 1st implemented, the average lifespan of an American was roughly age 65, which was age that SS kicked in, and also back then, SS was "working" like it was intended (I.E> as a way for those 65 and older to receive some monthly income to live on, and there were both way more people paying into the system than receiving benefits from it, and also a large percentage of people who were paying into the system either passed away before their SS benefits kicked in, or passed away before they had received more from SS than they had paid into it.

That has changed dramatically in the last 1/2 century or so. The average lifespan is now about age 75, more people who actually paid into the system are living long enough to end up receiving more in benefits than they actually paid into the system all along. More people, some for just reasons and others for questionable reasons, are receiving SS benefits at ages far younger than 65, some of whom have never paid into the SS system in the first place, and are a significant drain on the system. Additionally, demographics wise, their are more Baby Boomers receiving SS benefits than Gen X'ers and Millenials paying into SS, let alone paying into SS at the maximum legal amount per year right now. Lastly, as we all know, congress (and both parties are to blame for this) has raided the SS "lock box" far too often for to long a time now.

The math isn't pretty for SS right now. I know that I've been paying into SS now for over 20 years, and have another 20+ years to go until I hit age 65 and would be eligible for receiving my SS income. Looking at things as objectively as possible, and having talked to my financial planner and friends in the finance world, I figure the chances of me getting my SS benefits in 20+ years, short of the government taking possession of a large amount of peoples personal, private retirement funds in IRA's, etc (or maybe the gov't finding those mythical trees that money grows on ), is maybe 10 to 20% at best

Do you really believe that in 20 years we are going to have millions of retired people dying on the streets in every city/town in our country? We are in a country that bailed out an failing auto industry, but we are going to let millions of retires starve to death.

 

[drjeff]

Do you really believe that in 20 years we are going to have millions of retired people dying on the streets in every city/town in our country? We are in a country that bailed out an failing auto industry, but we are going to let millions of retires starve to death.

Since that wasn't happening during the Great Depression long before SS began, I doubt it would happen in the future. Dare I say it, but people might find out they can actually take care of themselves once again, rather than thinking that only the gov't can...

 

[dlague]

This thread got super hijacked! What was the original topic? I forget.

 

[BenedictGomez]

Do you really believe that in 20 years we are going to have millions of retired people dying on the streets in every city/town in our country? We are in a country that bailed out an failing auto industry, but we are going to let millions of retires starve to death.

Split the difference.

 

[steamboat1]

Do you really believe that in 20 years we are going to have millions of retired people dying on the streets in every city/town in our country? We are in a country that bailed out an failing auto industry, but we are going to let millions of retires starve to death.

Hate to break the news to you but it's still failing.

 

[dlague]

My guess - SS will eventually be a needs based retirement solution eventually. Those that have significant savings or retirement accounts will no longer qualify but will have to contribute still.

 

[mbedle]

Hate to break the news to you but it's still failing.

I'm not doubting that the financial state of social security isn't failing. What I doubt is that it ultimately will be phased out, without an alternative.

 

[steamboat1]

I'm not doubting that the financial state of social security isn't failing. What I doubt is that it ultimately will be phased out, without an alternative.

Wasn't talking about SS.

 

[vonski]

I work at a Country Club had a benefit charity event the other night! They auctioned off a year membership to the Hermitage. It went for $7,000.00 Lucky Family wife didn't ski and kids were around 9 to 11 years old apparently. I hope they don't have to pay the initiation fee! But was a steal I guess!

 

[xwhaler]

I work at a Country Club had a benefit charity event the other night! They auctioned off a year membership to the Hermitage. It went for $7,000.00 Lucky Family wife didn't ski and kids were around 9 to 11 years old apparently. I hope they don't have to pay the initiation fee! But was a steal I guess!

If that includes golf and unlimited skiing with no other fees that's a great value if the family who won is local and could use it yr round.

 

[BenedictGomez]

I assume they have a monthly "use it or lose it" food & bevy fee (like most private golf courses)?