Task Force Solution: Advance responsible policies to strengthen retirement security.
"House Republicans will continue to advocate for policies that ensure workers and retirees have access to savings options that are voluntary, portable, and secure. As part of that effort, Congress will work to eliminate unnecessary federal regulations that add to the cost of providing workers opportunities to save for retirement, such as legal restrictions that hamper the ability of employers to provide information about retirement benefits electronically and impede individuals from receiving affordable investment advice."
Yep, sounds like they are taking away SS.
Saving options are a bad idea? 1 pay 15% to SS, I would much rather be earning interest on my money in my retirement account, than having the Government be in charge of my money any day.
Did you actually read the article? IT WOULD BE A VOLUNTARY OPTION..
Just another Democrap talking point.
The sky in falling on some but not me.
Happy 4th!
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bangkoklvr says
I usually never try to provide information to those who have little understanding of politics. However, you asked for some proof and I provided it to you. You failed to actually read and understand what the GOP plans to do. So, I will explain it to you.
"House Republicans will continue to advocate for policies that ensure workers and retirees have access to savings options that are voluntary, portable, and secure.
Unlike an investment in a stock portfolio, Social Security is an insurance program. It insures workers who become disabled, it pays for their children if they are killed on the job, and a wide variety of other benefits for working Americans.
Because this country pays such low wages and has low taxes (compared to the advanced countries) we also have a very weak social safety net. Social Security has evolved to be the primary source of income for persons over 65 who rely on it in their retirement.
You may have seen a recent study that found that the average American could not get their hands on $1000 if they had an emergency car repair or health crisis. These people are not saving money year after year in 401ks.
Because it is an insurance program it covers everyone. In order for it to work and be of a low cost, everyone must be in the pool. As soon as you make it voluntary, the rich will leave and the pool will soon consist of the poor who cannot hope to pay into the system that will provide even a very low benefit. As a result, the system will have what is called a "death spiral" and become bankrupt.
When republicans say they want to make it voluntary, they know full well they mean to undermine its insurance structure to destroy the program. They are not idiots. They know what they are doing.
So, what you took as language to ensure SS, what it really means is a way to destroy it.
"As part of that effort, Congress will work to eliminate unnecessary federal regulations that add to the cost of providing workers opportunities to save for retirement, such as legal restrictions that hamper the ability of employers to provide information about retirement benefits electronically and impede individuals from receiving affordable investment advice."
The above paragraph is about a single provision of a decision by the Consumer Protection Agency. That agency pass a rule that if you, as a consumer, sought out financial advice, that advisor had to provide you with honest information about investments that would serve your interest and not the interest of the advisor.
It is a dirty little secret that most of these advisors are selling anuieties or investment vehicles that pay high commissions to the financial advisor. The Consumer Protection Agency ended this scam.
When Trump was elected, his appointed Consumer Protection Agency head promptly got rid of the rule so now these advisors are free to screw over fools who think there advisors who have good advice.
Finally, if you knew anything about retirement investment acounts you would not be talking about you would be smart to put your money in a savings account that pays 1 or 2% interest. I suggest you pick up an investment book and learn how the market works and do some investing. It will help you in retirement whether you are getting Social Security or have a pension.
I too pay 15% on my social security because I am self employed. But I save and invest and that constitutes the largest part of my retirement assets.
Weak sauce fronting as hot sauce, let's alert the frog...socaliam advocating a block lol. A motherfucking block?!?! Blocking a person from messaging makes absolutely no sense. Why not read what they have to say?
Grump, for your info., YMCA's in Europe are legit hotels. Not too shabby compared to the chain hotels. Haven't been in a YWCA in Europe yet but I'm workin on it.
Social Security was never about getting the best return on investment.
It is about having something, even when the wolves of Wall Street flush the economy down the toilet (which they will do again and again) while walking away with their own golden parachutes.
It is also about providing to those who do not have money in the first place, like the disabled.
Social Security was never about getting the best return on investment.
It is about having something, even when the wolves of Wall Street flush the economy down the toilet (which they will do again and again) while walking away with their own golden parachutes.
It is also about providing to those who do not have money in the first place, like the disabled.
Ooops, the republicans trashed the economy again! Good thing some people will survive on Social Security.
The rest of the population, well they are on their own. Happy Depression!
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