Originally Posted by
Joe Bauers
SS needs to be fixed. A guy with $5 million in his 401k taking let's say $300k a year out gets his full SS payment. Now let's look at someone living on their SS check. If they take a job to try to make ends meet their SS is reduced if they make more than approximately $18k a year working. I saw this happen to my mother.
Same thing with rental income. I know a guy with 300 doors in his rental portfolio and he brags about still getting the full SS benefit.
So, yeah, if you're rich you shouldn't get SS benefits but you should still pay for it.
I feel like this is a pretty unpopular opinion.
We pay into SS our entire lives why would you be ok with not getting it back?
I’d rather have zero SS tax, keep that money to invest for myself, and not ask the government to fund my retirement. But since that’s not happening I expect to get the benefit I’ve paid into my entire working life.