Originally Posted by edge
The Government is too darn big!
If you want me to be responsible and have a retirement then make my Social Security MINE!
The same for Medicare, but I am sick of the Government taking my tax money and giving it away.
If I need to pay more I have zero problem with that but it needs to be MINE and I get to will it to my heirs.
This BS of Governments not fully funding pensions, Medicare Social Security, etc. is BS.
Why should the Government tell me if I take my 401k before I'm 59 1/2 that I pay a penalty?
I am sick of them dictating what I have to do and then let Government workers retire much earlier with no penalty!
What business is it when I want to retire as long as I have enough to do so?
As a citizen and a voter (I hope) you allowed the government to get as big as it is...
Social Security is a Ponzi scheme. It worked at the beginning but now it's becoming insolvent. Sort of like UAW pensions. The founders lacked the foresight to look down the road when retirees would outnumber payers.
Of course it didn't help when the government 'borrowed' from it and never repaid the borrowed funds....
I don't understand you comment aboiut paying a penalty on 401K withdrawls prior to 591/2. I took mine and my company pension at 56 with no penalty whatsoever. I did reinvest it and I do draw on it monthly. If you take a lump sum payout, there are Federal guidelines and a penalty but nothing for a graduated withdrawl. Thats done for a reason and that reason is, the government don't want you to blow the money and be peniless and wind up on public assistance.
I dertainly don't want the government to fund my pension, seems to me that you want it both ways from your comments. I don't need my arse wiped by the government, you shouldn't either, I don't think, at least...
Government employees and military aren't the only people that get 30 and out. Lots of private sector jobs are that way too, especially unionized automotive jobs.
My philsophy is, the military deserves 30 and out. You put your life on the line for ungrateful citizens everyday. Might as well get out as soon as possible, IMO.
Finally, despite the notion that Social Security is retirement, it's not. It's merely a supplement to retirement and always has been.