We will have to agree to disagree on this topic. No speculation on my part on what will happen except not an across the board 20% cut.Its not a matter of think or not think, that is what happens under current law. This is not a matter of speculation, it is a matter of numbers and the law as it is written today.Do you really think it will? I just can't see that happening, it would be devastating to a very large percentage of the population who can all voteGiven that Social Security is getting a cut of ~20% in 10 years I'd get the money ASAP while the getting is good and save it to replace income later on.
Assuming any other situation is making a bet that the law will change. Generally making investment decisions on the basis of speculation about future changes in the law is even worse than trying to time the market because the predictability is basically 0. The safe bet is to assume current law prevails and all that that entails.
Statistics: Posted by Johm221122 — Sat Aug 17, 2024 4:42 pm — Replies 47 — Views 4784