Did Anyone Watch Day 2 Of The Second Democratic Debate?

[SpeedRacerXXX]

First post-debate polls are out.

Morning Consult

Biden 32%
Sanders 18%
Warren 15%
Harris 10%
Buttigieg 6%
O'Rourke 3%
Booker 3%
Yang 2%

Harris

Biden 28%
Sanders 16%
Warren 8%
Harris 8%
Buttigieg, O'Rourke, and Booker each 3%

Very little change from previous polls taken prior to the debates.

I did some checking and in July 2015 Donald Trump led the Republican candidates, favored by 20% or those polled.

[FriscoKiddo]

Originally Posted by Chung Tran

true, and it was meant to act as INSURANCE. when SS came in, that was understood.. someone like bb1961 might surrender everything he paid in, if he remained at a certain wealth point. now people complain about paying in at all. and as much as many here will deny, MANY illegals pay into social security, and will never see any of it. MANY minorities who tend to die sooner that Caucasians, will NEVER see any of it. ironically, I see more independently wealthy individuals who Bitch about the system, that they won't get what they have "coming", than the lowest-paid Laborer.

How do you feel about “opting out” of SS? If it is truly about my future and retirement, I can do far better than the government can as far as return, I believe everyone can with just 5 minutes with an investment advisor ....but....it’s not really about me or you is it. It has become another redistribution pool for the government....trust me, the government knows all too well about what you just said....that many will never recoup the benefits....and the government is just fine and dandy with that because it is just more money for them to play with.

[Chung Tran]

Originally Posted by FriscoKiddo

How do you feel about “opting out” of SS? If it is truly about my future and retirement, I can do far better than the government can as far as return, I believe everyone can with just 5 minutes with an investment advisor

I go back and forth on that idea.. I remember it being a big issue in the 2000 race, Bush supporting it, Gore did not. I think Bush framed it well, that if you start early enough (with the youngest workers), that private plan can work. starting young would overcome periods of Market weakness, and yes, I'm sure the Government wants to be able to tap those funds for its own benefit. pensions and 401k's shouldn't be cordoned off; if the issue is risk, like naysayers insist, why let other retirement methods take risks SS will not?

[The_Waco_Kid]

Originally Posted by Chung Tran

I go back and forth on that idea.. I remember it being a big issue in the 2000 race, Bush supporting it, Gore did not. I think Bush framed it well, that if you start early enough (with the youngest workers), that private plan can work. starting young would overcome periods of Market weakness, and yes, I'm sure the Government wants to be able to tap those funds for its own benefit. pensions and 401k's shouldn't be cordoned off; if the issue is risk, like naysayers insist, why let other retirement methods take risks SS will not?

i was all for that and it got no traction at all. interesting that federal employees can opt out of social security. i wonder how many actually do? i am convinced i could do far better with that money in investments rather than social security. also it's virtually impossible to live long enough to get full return on the money that was withheld. with investments you can draw as much as you want, of course there is risk in that, you can end up outliving the money.

i don't agree with your take on 401k's and risk. are you saying that the 401k money can't be invested as the individual wants? that the money must be risk free? i wouldn't agree with that. the max of 24k put in my 401k i select various investment and the return has been great overall. the money is growing. why should that money be stagnant?

[Chung Tran]

Originally Posted by The_Waco_Kid

i don't agree with your take on 401k's and risk. are you saying that the 401k money can't be invested as the individual wants? that the money must be risk free?

no.. I'm saying what's good for the Goose is good for the Gander.

since 401k's can invest in many arenas, SS should be allowed the same opportunity.. I would say as long as the time horizon is long, i.e., allow younger workers to start SS investing

[The_Waco_Kid]

Originally Posted by Chung Tran

no.. I'm saying what's good for the Goose is good for the Gander.

since 401k's can invest in many arenas, SS should be allowed the same opportunity.. I would say as long as the time horizon is long, i.e., allow younger workers to start SS investing

then i would agree with that. while acknowledging your point about market volatility, the long term market growth would easily generate profits that the stagnant money under the current setup does not. And then there is that little problem of the Government raiding it. if you made it not touchable by the Government and allowed growth it would easily be self sustaining. and you could provide a larger payout. many people can't live on just social security alone. All that bullshit and it can't even provide a decent income?

again i was shocked Bush's proposal to allow opt-outs didn't get any traction. had that happened 18 years ago i'd be retired today. as it is if i take it at 67 i'd get 2,750 a month. at 70 i'd get 3,400. that said i don't plan on that alone. social security will just be icing on the cake. what will afford my retirement is my IRA, broker account and 401k.

[Chung Tran]

Originally Posted by The_Waco_Kid

if i take it at 67 i'd get 2,750 a month. at 70 i'd get 3,400. that said i don't plan on that alone. social security will just be icing on the cake. what will afford my retirement is my IRA, broker account and 401k.

damn, you are getting paid! your Social Security amount is easily in the top 10%, probably top 5%.

[themystic]

Originally Posted by Chung Tran

damn, you are getting paid! your Social Security amount is easily in the top 10%, probably top 5%.

Really. Top 10%?

[Chung Tran]

Originally Posted by themystic

Really. Top 10%?

yup.. in 2017, the average Social Security monthly payout was $1,372.. looks closer to top 5% than top 10%.. even projecting out many years into the future

[bb1961]

Originally Posted by SpeedRacerXXX

What you say MAY BE FACT. You do not know for certain what will happen in the next 15 years before the Social Security fund is expected to run out of money. It's an unfortunate situation. Even for me there is no guarantee that I will get out of SS what my company and I put into it.

This, if you can be honest with yourself is exactly what I said about relying on anything from the Gumment. Let me guess before SS becomes insolvent the Gumment will crank up the money press and...PROBLEM SOLVED!!

Your words from your statement here:
It's an unfortunate situation. No guarantee that I(you or ANYBODY) will get out of SS what was put into it!!Quite an epiphany to say the least.

You defending the indefensible is a sad excuse from a person who puts people beneath you because...you can't handle the truth and to marginalize me or anyone that takes you to task.

I have never said you are less educated because I don't tear people down to try and build myself up...I point out where you're COMPLETE wrong and you try and twist to to make it appear that you are correct.

There is link after link on business related website that ALL give 2039 as the year SS is going to not be able to meet there obligations to the people that are owed...AND I'M one of them. There is no "lock box" as Al Bore said...it's money in money out...in 2039 it's going to run out.

All you have to say about that is...THAT IS UNFORTUNATE!! what a load of horse shit.The problem with you is you can't admit you're wrong about this SS bullshit and go to great lengths to distort the facts. Just like Obummercare...facts don't matter to you. What matters to you is the good intentions...fuck the results. Are you on of those that when they come to a fork in the road they take it??

[themystic]

Originally Posted by Chung Tran

yup.. in 2017, the average Social Security monthly payout was $1,372.. looks closer to top 5% than top 10%.. even projecting out many years into the future

Wow. Im in the top 5%. Im kind of shocked

[The_Waco_Kid]

Originally Posted by Chung Tran

damn, you are getting paid! your Social Security amount is easily in the top 10%, probably top 5%.

Yep. 91 percentile by 2018 income. and i just signed up for the Gov's SSA website and re-checked those numbers. they are what i expected. they used to send a letter but stopped a few years back.



looking at it right now .. at 67 .. $2,738.


if i work to 67 i fully expect to have about 1 million in my various investment accounts. or pretty damn close to it. and $2,738 a month from social security.

not too bad for the black sheep who became the prodigal son. but if you compare that to my Dad's earnings .. not even close. he out earned me by a country mile. but at least i broke the 100k mark. that'll have to do.

[bb1961]

Originally Posted by The_Waco_Kid

i was all for that and it got no traction at all. interesting that federal employees can opt out of social security. i wonder how many actually do? i am convinced i could do far better with that money in investments rather than social security. also it's virtually impossible to live long enough to get full return on the money that was withheld. with investments you can draw as much as you want, of course there is risk in that, you can end up outliving the money.

i don't agree with your take on 401k's and risk. are you saying that the 401k money can't be invested as the individual wants? that the money must be risk free? i wouldn't agree with that. the max of 24k put in my 401k i select various investment and the return has been great overall. the money is growing. why should that money be stagnant?

What he is saying is like all liberals, you as an adult don't know better and the Gumment will hold your hand and make sure you don't fuck up. I'm fortunate that when I retire in 10 yrs. at 67 I will be set with my investment portfolio(thank you Trump)...I was taught self-reliance when I got my first job at 16.
The democraps wouldn't survive without a large portion of the population with their hands out. It's about controlling all aspects of your life. AOC Green Raw Deal...NUFF SAID!!

[LexusLover]

Did Anyone Watch Day 2 Of The Second Democratic Debate?

No. The Astros were replaying.

[SpeedRacerXXX]

Originally Posted by bb1961

This, if you can be honest with yourself is exactly what I said about relying on anything from the Gumment. Let me guess before SS becomes insolvent the Gumment will crank up the money press and...PROBLEM SOLVED!!

Your words from your statement here:
It's an unfortunate situation. No guarantee that I(you or ANYBODY) will get out of SS what was put into it!!Quite an epiphany to say the least.

You defending the indefensible is a sad excuse from a person who puts people beneath you because...you can't handle the truth and to marginalize me or anyone that takes you to task.

I have never said you are less educated because I don't tear people down to try and build myself up...I point out where you're COMPLETE wrong and you try and twist to to make it appear that you are correct.

There is link after link on business related website that ALL give 2039 as the year SS is going to not be able to meet there obligations to the people that are owed...AND I'M one of them. There is no "lock box" as Al Bore said...it's money in money out...in 2039 it's going to run out.

All you have to say about that is...THAT IS UNFORTUNATE!! what a load of horse shit.The problem with you is you can't admit you're wrong about this SS bullshit and go to great lengths to distort the facts. Just like Obummercare...facts don't matter to you. What matters to you is the good intentions...fuck the results. Are you on of those that when they come to a fork in the road they take it??

What FACT have I distorted? Again, you just seem to like to argue.