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SOCIAL SECURITY DIES IN 2035. ARE YOU SAVING ENOUGH?

January 23, 2018

BLOK, our newest buy, is now up 5.65% in 5 days.  Amazing.

We sold the Berkshire Corporate Bond (found in the Core Portfolio) due to the low yield….following up on our earlier discussion.  We will be placing funds from the two recent bond sells into YYY, after it goes ex-dividend later this month…the price should come down to $19.36.   YYY is paying over 8%.  (We are still looking at selling more of these low yield bonds.)

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The incompetent and corrupt Government does nothing to save Social Security.

According to the 2017 Trustees report, “Trust Fund reserves become depleted in 2035.”
They’re practically giving us a date that we can circle on a calendar and mark “End of Social Security.”
The Trustees go on to lightly propose solutions, including an “immediate and permanent reduction” in benefits to all current and future Social Security recipients.”
And in case you’re wondering who these whack-job Trustees are, they include the Treasury Secretary of the United States, the Secretary of Health and Human Services, and the Secretary of Labor.
These aren’t just random people.

https://www.zerohedge.com/news/2018-01-09/social-security-proposes-immediate-and-permanent-reduction-benefits

 

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