Post #322 by sykesix on the Retirement Investing board

Personal Finance Topics / Retirement Investing

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Got my SS statement last week. If I pay no more in, at full retirement age I'll be due $42k/year. Or not, per the above.

Congress would never, ever dare to cut benefits for people over about the age of 50. Older people have money, and they vote. Plus people's parents would be left destitute. I just ain't happening.

That said, there is a reasonable concern that Congress just won't get around to fixing it and so there will be an automatic cut. But there is no law that I'm aware of that says SS must be self-supporting and can't receive money from the general fund.

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