OK, I just had my 66th birthday. In my age group, that means I’m eligible for “full” Social Security benefits in the USA. But is you read/watched my previous post on Boomers and the Great Social Security Scam, you’re probably asking yourself, “Is Dr. Dick just a big hypocrite?” I mean, I’ve said more bad things about Social Security than Gov Rick Perry! Well, you asked for it. Here’s my rationale:

• I paid for it. Most years, I paid the maximum FICA tax. Yes, I know if I live for more than another 5 years or so (and I do plan to!), I will have received more than I paid in. However, if I had taken that money and invested it properly… well, you get the picture. The US government is the worst possible financial adviser.

• A number of our political “leaders” (I use the term loosely) are still claiming Social Security is fiscally stable. They believe they can keep it going by “taxing the rich.” I want to demonstrate that they are lying. If every Boomer keeps applying for Social Security when they become eligible, this lie will be exposed within the next few years.

• As outlined in my previous post, there are some “solutions” that will at least improve the long-term viability of the system. The more fiscal pressure we create, the more urgent those solutions will become.

My first check arrives on November 23. Just in time for Thanksgiving.

Dr. Dick

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