You just don't get it.<quoted text>
I doubt SS will be around when I reach whatever age it will be to claim what I have paid into. I would not rely on it as my main source of income but yes, I would claim what is mine if and when the time comes. I too paid alot of taxes while I was in the military. I also pay alot of taxes on my rental properties.
My future is hopefully assured through my military pension but I also bought three houses in my time and rented them out, they are all paid off now by the renters over the years so I have that income as well.
I invested nothing in stocks and am glad for that.
I more or less work, managing my rental properties and making whatever repairs are needed. I used to have an agency do that while I was away but no need for that now.
My father died when aged 41 from a massive heart attack. He worked a full time good job and two part time jobs to make ends meet. His full time job offered a pension but he died well before he could collect a penny. My mother still works and collects a whopping $121.09 monthly of the pension from him. She is about to retire from where she works a good job, that offers no pension. In two years she can collect her SS, unless the government raises the age yet again. She will collect on his before then.
The money your mother gets, to retire on, will be paid by your children. It is not sitting somewhere, waiting to be paid out. SS is tax in, checks out. There is no 'investment fund.' No balance.
SS will continue. Don't let the FOXLIARS (or the uninformed) fool you. WHen your children pay in to support you and your mother,(and your military pension will be the same, it has the same guarantee as SS;) the money your chldren pay in will go out to your mom, and you.
These childen will want something back, for their payments into SS, so they wil demand that it continue to support them, retirees of tomorrow.
The solution is to raise the upper tax cutoff.