Quote:
Originally Posted by SirFozzie
Let's do a thought exercise. I've been hearing elsewhere about a possible "Eagle Plan".
The basics are:
You would get $10,000. On the spot. No strings except:
You cannot claim Social Security for one extra year (for example, instead of 67, 68).
That's a Sophie's Choice isn't it?
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What would end up happening is that the people who will most need SS will be the ones most likely to blow 10K on purchases and then be forced to work longer when their bodies start to break down.
I'm very leery of any plan that takes lots of money away from SS, especially when it's devised by people that want to privatize it.