Should Social Security be raised 70 years old?

[Dr House]

Most are silent on this idea since witnessing how irresponsible the Fed have been as of late.

Fixed.

1) The whole thing with the housing bubble would've never happened had Greenspan not dropped interest rates to 1% and kept them there.

2) The fed should not be pumping as much money as they are into the market. They are only delaying the inevitable and making it worse.

3) the Bear Stearns bailout was just criminal.

-Dr House

 

[Dr House]

Besides, if you don't like money managers just read a couple books on investing and manage your portfolio yourself. That's what I do.

-Dr house

 

[Rhodri]

Much of what you say is true, but you can't ignore this either...

Back in the old days, credit meant something. Can you repay the obligation, do you have the ability to replay the obligation, have you paid your obligations in the past, and is there a reasonable chance that you will pay your obligations in the future? I don’t think mortgage brokers and bankers much cared about the answer to any of those questions as long as they could put something in the box to satisfy some far off underwriter and generate fee income. Just as Americans were getting drunk on real estate, the finance community was the bartender continuing to serve the drinks. Bad credit, no credit, stated income, adjustable rate, interest only, no doc loans, anyone with the ability to fog a mirror was approved for more money than they had the ability to repay.-Curt Johnson, SIOR

but, it's fairly obvious you have your convictions on the matter, so..we'll leave it at that.

 

[Here We Go]

It is obvious today that $1.00 saved is .50 lost. Investing in land is good unless the city government takes it away from you to build a football stadium or some other worthy cause or the government takes it over for one of their hair-brained ideas.

 

[Erudite_Hillbilly]

But losing the S.S. benefit on people with say any other assets outside of their primary residence of more than $400,000 wouldn't hurt them at all.

Once you start "tweaking" you open a Pandora's box. For example, is it fair for someone living in a $1.2 million dollar house but with only $250k in savings to receive SS benefits while denying someone with $600k savings living in a $200k house? The oldsters collecting SS now were paying like 3% of their salary in SS. We're paying more than 4X that rate with higher income limits.