Reply #13: What we know of the plan right now..

[sendero]

... makes it clear - it wouldn't fix anything. Your returns would be capped at a low level. Your retirement would be subject to the whims of "the market".

This is what I think: nobody, whether they are 20 or 50 should be counting on SS to retire on. Yes, you will get something but the amount is indeterminate, no matter what kind of structural changes are made in SS because nobody can predict what the economy will be doing in 40 years, period.

There are already vehicles to save for your retirement - such as IRAs. If you start this year putting the max allowed into an IRA every year, you will be ok.

SS is a supplemental income stream for seniors. I pity those who rely on it solely, it was never intended to do that in the first place.