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<p>[QUOTE=&quot;buyingsilvers, post: 1506149, member: 18821&quot;]Well from my understanding, the funds aren&#039;t being &quot;raided&quot; in the general sense. The govt, in their infinite wisdom, uses the money from these funds and replaces it with IOUs.&nbsp; This normally isn&#039;t a problem unless the govt cannot pay back all of the ious, and therefore must raise taxes or lower benefits to keep those funds solvent.</p><p><br /></p><p>SS is such a scam.&nbsp; between employees and employers, they contribute 12.4% of one&#039;s salary per year.&nbsp; And even so, the social security payout is dismal.&nbsp; </p><p><br /></p><p>If I had the opportunity to opt out, and forfeit all my contributions paid so far, I would do so in a heartbeat.&nbsp; By the time anyone relatively young retires (20s or 30s), the full retirement age will likely be over 70 and the payout much lower than it is today when adjusted forr inflation.</p><p><br /></p><p>But I do agree that diversification is the key.&nbsp; Social security doesn&#039;t even factor into my budgeting or retirement plans.&nbsp; If it&#039;s still around once I &quot;hit age&quot; and pays out anything more than a token amount, I&#039;d consider myself lucky.[/QUOTE]</p><p><br /></p>

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