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To: Bocor who wrote (60994)2/10/2010 3:42:23 PM
From: No Mo Mo1 Recommendation  Respond to of 217648
 
No offense taken.

In our discussion, I used the phrase "fiduciary duty to oneself" as one tactic for motivation. All it got was a sigh.

There was a chat on SI recently, I don't know which thread, discussing financial illiteracy. It's epidemic in the US.



To: Bocor who wrote (60994)2/10/2010 3:42:45 PM
From: No Mo Mo  Respond to of 217648
 
<dup>



To: Bocor who wrote (60994)2/11/2010 3:28:57 AM
From: KyrosL1 Recommendation  Read Replies (1) | Respond to of 217648
 
The worse that can happen to SS is that benefits are cut by 25% from their current levels. That's the number that guarantees that SS contributions are equal to SS outlays till the end of the century. As for Medicare, all we need to do is adopt one of the many single payer systems prevalent in other developed countries, which manage to provide comparable or better health care than ours at half our costs.


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