3 ms·
Yeah I'm doing the exact same thing. Max out 401k / IRA every year + additional savings. I'm assuming that SS wont be around but if it is, great! Unfortunately
by plandis 10y ago
Yeah I'm doing the exact same thing. Max out 401k / IRA every year + additional savings.
I'm assuming that SS wont be around but if it is, great! Unfortunately, I have a feeling Republicans are really going to fuck people my age (mid 20's) over with some sort of slow phase-out so I'm also hedging my bet.
- DesiLurker 10y agoThis is my real fear here. I am an immigrant in valley for a while now. I have always thought that the reason america has such a thriving service sector based economy is because they have a safety net to fall back to, which allows ppl to be free to take more risks & be generally more consumptive. My fear is that slowly as republicans take that safety net away it will force people to fix these problems at the individual level which will make them more conservative. overall I feel that (alongwith the fkups on science education) will have a detrimental effect on american competitiveness & larger economy. I do think that privatizing SS & medicare will give markets a one time boost & generally help those who are 'better vested'.