Quote:
Originally Posted by philfree
I think I'm going to take mine at 64. Hopefully they get the tax package passed so there's no Federal Income Tax on it. I've got it figured where it will pay the small mortgage, property tax and monthly home owners insurance on the Snowbird House. I have my other investments working for me and I own all my other stuff so I should be able to live quite comfortably till the inevitable occurs. Rock till you drop!
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I have a hard time believing they won't tax it. After all, they stole from it or there wouldn't be any discussion about lack of funds. IOUs don't earn interest. I paid 15% into this system for my entire career and about 20% into my retirement. People can say that boomers are stealing from the system however I maintain that the money I have paid has been stolen (by both parties) and the system would be solvent if it had been managed and not raided.