Social Security monetary reserves might be improving

[Value Buy]

and the fund may stave off depletion of money a few more years as well as Medicare.

www.msn.com/en-us/money/retirement/why-social-security-may-survive-longer-than-the-government-expects/ar-BBQBoky?li=BBnb4R7

[billisonboard]

...

Morgan Stanley says it is more optimistic ...

The Wall Street firm’s more bullish assessment ...

If Morgan Stanley is right, ...

“Extending the deadline would likely push action off until the new depletion date, therefore removing the near- to medium-term prospects of raising the payroll tax, raising the taxable maximum to cover more or all earnings, raising the retirement age, and/or decreasing benefits,” the report says.

The Morgan Stanley report, if it’s right, also would provide a floor to stocks and interest rates over the long term.

...

Which would be to the benefit of ... Morgan Stanley.

[Virgil Showlion]

Moneymentum!

Don't doubt them... ever!

[happyhoix]

SS will do really well once the GOP starts reducing the pay outs and eliminating some of the dead beats who use it. It's what has to be done, unless we want to take back that fat tax break for the rich Trump jammed through, and that's not happening.

[Deleted]

Such a large component of this is what we can't predict, how long people will live.  

With medical advances perhaps in 20 years people start living to 95 in this country which would absolutely decimate the fund.  If people start collecting on average 25 years the retirement age will have to go up.

[bean29]

Dec 7, 2018 10:55:38 GMT -5 @aj said:

Such a large component of this is what we can't predict, how long people will live.  

With medical advances perhaps in 20 years people start living to 95 in this country which would absolutely decimate the fund.  If people start collecting on average 25 years the retirement age will have to go up.

We have discussed before that raising the retirement age may not be realistic, the other option is to reduce the monthly payout, on the (more realistic) assumption that people will live longer.

This would make it even more imperative that people have some savings to supplement their SS payments.

[Value Buy]

Dec 7, 2018 11:06:32 GMT -5 bean29 said:

Dec 7, 2018 10:55:38 GMT -5 @aj said:

Such a large component of this is what we can't predict, how long people will live.  

With medical advances perhaps in 20 years people start living to 95 in this country which would absolutely decimate the fund.  If people start collecting on average 25 years the retirement age will have to go up.

We have discussed before that raising the retirement age may not be realistic, the other option is to reduce the monthly payout, on the (more realistic) assumption that people will live longer.

This would make it even more imperative that people have some savings to supplement their SS payments.

I believe the best answer would be raise the max cap of deduction levels from the present level to $200,000 maximum earnings before being cut off and assign future increase levels to the cola increase every three to five years.
I understand the idea of higher benefits for higher deductions, but the pay out cap should be set based on individual income levels of retirees.  Higher the income, you hit the cap in place on benefits and the monthly payout. 
EX: net earnings of retiree is $200,000 a year, you receive 90% of max payout
$500,000 you receive 70% of max payout. $750,000 40% max payout, and above a million, 25% payout.  Even the millionaires deserve something, lol, after all they paid into a guarenteed fund payout.
Conservatives would hate this because high wage earners are penalized.
Liberals should be good with this because it penalizes the high wage earners.
Myself, it is a possible solution which is better than bankrupting the system.

[NastyWoman]

Dec 7, 2018 10:55:38 GMT -5 @aj said:

Such a large component of this is what we can't predict, how long people will live.  

With medical advances perhaps in 20 years people start living to 95 in this country which would absolutely decimate the fund.  If people start collecting on average 25 years the retirement age will have to go up.

I thought the improvement was due to this:

"According to the latest report from the Centers for Disease Control and Prevention in Atlanta, the overall life expectancy in the U.S. was 78.6 years, down .1 from the previous year. Men can expect to live 76.1 years, down from 76.3. Women held steady at 81.1 years."

www.ajc.com/lifestyles/health/cdc-life-expectancy-declines-for-second-year-row/uEYI54lyoUpOj279HCufnO/

[Value Buy]

Dec 7, 2018 15:23:57 GMT -5 NastyWoman said:

Dec 7, 2018 10:55:38 GMT -5 @aj said:

Such a large component of this is what we can't predict, how long people will live.  

With medical advances perhaps in 20 years people start living to 95 in this country which would absolutely decimate the fund.  If people start collecting on average 25 years the retirement age will have to go up.

I thought the improvement was due to this:

"According to the latest report from the Centers for Disease Control and Prevention in Atlanta, the overall life expectancy in the U.S. was 78.6 years, down .1 from the previous year. Men can expect to live 76.1 years, down from 76.3. Women held steady at 81.1 years."

www.ajc.com/lifestyles/health/cdc-life-expectancy-declines-for-second-year-row/uEYI54lyoUpOj279HCufnO/

Kind of a double edge sword.
Life expectancy is down due to the opiod and heroin epidemic. And these are young people who pay into the sytem and will not collect ss because they die, but their kids and wives will collect survivor benefits for decades draining the system of funds.