How will you protect retirement assets if they’re repurposed for Social Security?

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  • #112667 Reply
    Cate

      Looking for some thoughts on retirement accounts and social security. Looks like project 2025 fallout (maybe long term, maybe short term. This has already happened in countries that l,of recent years, have gone through the same type of political change as we’re seeing right now).

      will look to repurpose everyone’s retirement accounts into social security, as a way to fund it.

      What will you do to protect your retirement assets if it does happen?

      #112668 Reply
      Derik

        Project 2025 has nothing to do with this administration. This whole post is false and not based in fact. Nothing is happening to social security, but none of us should be worried because were making plans outside of relying on social security right?

        Stop with the bs scare tactics. Give the new administration time to get better policies in place and get the economy back on track.

        Bidens policies have us headed into a brick wall, itll take a bit to recoup but itll be like ripping off a bandaid.

        You cant possibly be financially literate and think our countries economy was headed in the right direction. Chill the hell out.

        #112669 Reply
        Stacey

          I’m currently moving my money out of the states while the dollar is high. I’ll be buying property overseas.

          #112670 Reply
          Gwyn

            Not true. Our retirement accounts will be just fine under the new admin. Probably not so if the current one continued.

            #112671 Reply
            Bethany

              Project 2025 is being rebranded as “America First”
              It is going to be a rough few years.

              #112672 Reply
              Dané

                I don’t care for trump or Biden but are you sure that trump is the one behind project 2025? Like are there full facts saying this?

                Or else this is just gonna scare people.

                #112673 Reply
                Matt

                  If I were you I’d sell sell sell. Then I can buy buy buy every week like I do now and will until I expire!

                  #112674 Reply
                  Joe

                    Ask any knowledgeable professional financial advisor. The market is presidential administration agnostic. Facts.

                    #112675 Reply
                    Tamara

                      Though Project 2025 may sound crazy, the scary parts of the book are unfolding before our eyes. It’s like Jumanji!

                      I didn’t bother reading any of it, but we are in real life talking about dismantling the Department of Education.

                      We are hearing more rhetoric from politicians about “gender affirming” care or “se*ual mutilation” of minors, we’ve already given abortion rights back to the states (or taken away federal rights) which is a step closer to “restoring the nuclear family.”

                      He may have never read it, but didn’t the people in his corner actually write it and doesn’t it represent many of the values and the bills we see them pushing?

                      I picture him blindly following the blueprint.

                      #112676 Reply
                      Andrea

                        Private retirement accounts have nothing to do with SS and nobody can just take your money.

                        The more likely scenario, and what’s been proposed by Republicans forever, is that they will try to privatize SS and make people put that FICA money in investment accounts that investment managers can make money from.

                        It’s always about grift.

                        #112677 Reply
                        Luke

                          I have a solution for you: Unsubscribe from every mainstream news outlet and chill out. All they do is peddle misinformation and manipulate you emotionally.

                          In fact, when you are lead to having a fear, write it down.

                          Then come back to that list in a year, two years, three years, and five years, and check off whether it was merited or not.

                          Be specific, so you can’t move the goalpost later.

                          I guarantee you, if you do that, you’ll stop believing anything that you hear on the major news outlets.

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