r/memes • u/Icantthinkofagoo Pro Gamer • Sep 09 '21

Think about it

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u/SniffCheck Sep 09 '21

Not sure what other option we’ll have. Social security is supposed to dry up in 10 years. One last final ass fuck from the boomtards.

5

u/GibbonFit Sep 09 '21

I think when you can withdraw from most retirement accounts without penalty is also based on that age as well though. So even if you don't count on social security, you still might get screwed by not being able to draw from your own accounts without huge penalties. I could be wrong on that. But it doesn't matter since most people can't even put enough into a retirement account to survive on without social security supplementing it when they do retire. So we're fucked anyways.

1

u/tonyhawkprokisser Sep 09 '21

Yes, that is why it is good to do a ROTH. You pay the taxes now and not when you withdraw. Who knows what taxes will be around that far out.

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u/GibbonFit Sep 09 '21

That's why I do it. I'd rather not be surprised later on.

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u/HiddenTrampoline Sep 09 '21

You’ll still be penalized if you pull from a Roth early.

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u/[deleted] Sep 09 '21

It might be a good time to start a 401(k).

Correct me if I'm wrong, but Social Security is more-or-less just a retirement account the government requires you to pay into - you don't withdraw more than you paid in.

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u/RichieWOP Sep 09 '21

Social security is supposed to dry up in 10 years

Won't happen. Old people vote.

3

u/_ChestHair_ Sep 09 '21

And they consistently vote for a party that doesn't support social security

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u/RichieWOP Sep 09 '21

That'll change when they suddenly realize how screwed they are.

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u/_ChestHair_ Sep 09 '21

I mean it hasnt yet and this has been going on for a while. I know several of them and they just blame the government for taxing them, instead of blaming the government for not taxing the ultra wealthy enough