Social security reduction is happening sooner than previously announced… Here is a sudden announcement by the SSA.
SS checks cut by 24% by 2032?
https://m.youtube.com/watch?v=o7lE_TE6__8&ra=m
Social security reduction is happening sooner than previously announced… Here is a sudden announcement by the SSA.
5 comments:
Back in the early 80s, we had a 3 legged retirement stool, 403b, Social Security, and our UC/LLNL retirement pension
In the old days, lab workers held only one job and counted on their pension alone for retirement. SS wasn't indispensable.
Now, I feel sorry for those young workers who count on their 401ks and SS, neither one of them will be sufficient .
If I were them, I would go where the pay is better and the 401k employer matching is the maximum.
Then you have the folks that were hired just before the transition that were offered the same line as previous generations… but will pay 7% after tax for 40 years into a pension that might not be there in 2047 when they start to retire.
6/13/2026 5:14 PM
"I would go where the pay is better and the 401k employer matching is the maximum."
It is a quality of life issue and the lab 401k is pretty good. Sure if you are a really driven person you could make a lot more money in high tech , private industry or startups with stock options but those are intense jobs that require 40+ work hours a week and hard core crunch time.
Retirement income is important, but so are taxes (cash outflows) in the city, county, and state you decide to retire in. Some USA cities and states are basically insolvent, where taxes are trending up and services are trending down.
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