Tag: new math

Social Security New Math: Who Loses? Everyone Loses!

Filed in Politics, Tax, Savings by on July 12, 2018 0 Comments
Social Security New Math: Who Loses? Everyone Loses!

I was one of many writing about Social Security’s New Math: Who Loses? Unlike others, I added Everyone Loses! I did so because Social Security and Medicare have always been Ponzi Schemes, far beyond anything even Madoff could envision. They never limit benefits based on income, assets and life expectency. Like Madoff, they simply use new money coming in to pay current benefits. Here is why we can now talk about Social Security’s New Math: Who Loses? Everyone Loses!

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Social Security’s New Math: Who Loses? Everyone Loses!

Filed in Politics, Tax, Savings by on February 18, 2010 0 Comments
Social Security’s New Math: Who Loses? Everyone Loses!

Social Security’s new math: Who Loses? Everyone loses! I have long told clients that Social Security was a terrible investment. It took around 13 years to break if you delayed retirement from 62 to 65, not counting interest income. This changed little with gradually increasing age requirements. Social Security’s new math: Who loses? Everyone loses!

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