super worried. The one upside to dying will be per woody allen my expenses will go down.

I lie awake at night thinking about money worries. Its horrible and I get it.

I’d be out there.

Many wealthy people lost everything after the 1929 stock market crash and the subsequent depression. If nobody has any money, whom will the oligarchs parasitize?

Laws are not 'suspended' with a click of the fingers. neither are assets seized.

Not 'ridiculous,' but we must be aware of what's happening around us, which includes states and localities.

I was debating trying to do early retirement next year. But it was dependent in getting some medical ( most likely from the ACA )

I also was worried that they could not just drop SS
But take our 401 and pensions
Or take our $ out of our savings , cds MM, checking.

Most of my savings etc is in a credit union

My hubby has two different retirement account from two jobs

My retirement is low $ of a PERS

we both have SS if they don’t take it.

maybe. The MAGAs that are retired don't give a damn about their children or grand children though. My pension
consists of three plans PBGC, a company defined benefit and a union defined benefit all of which could be in trouble.

Hopefully they don't take it from those on it or near retirement (10 years).

But yeah, I am worried they will let SS tank. I'm also worried they will crash the economy and last few years before retirement will mea crappy returns on my retirement investments.

Maybe you can protect at least some of it in an annuity, MM, or other similar product. Of course, those don't earn as much. The advisor would have the best advice, maybe even just changing the investment mix.

Fortunately, I do have a great FP.

which always goes so well >sarcasm<

I got the statement from my husband's pension (he set it up so I'd get half payments if he died) and the plan assets gained over 2 million since last year, even after all of the payments.

we depend on my civil service pension, social security and medicare. i'm fairly certaun that none of those will be efficient enough for musk and the boys.

unfortunately, i seem to have outlived anyone who could be a reference.

With King Trump around who knows what will occur..especially if you’re a retired government employee.

So now I might apply for it!

An attempt to exploit America and her riches as much as possible. What form that will take, I don't know. And what guardrails will be in place to prevent this, I don't know either. All we can do is protect ourselves as best we can, given our individual situations. And help each other as much as possible. I'm hoping it won't be as bad as I think it might be.

Corporate America makes most of their money off us peons, so they ain't cutting that flow off. Might make a few changes that impact people under 55, but won't be severe.

With mid-terms coming, they are even less likely to risk drastic change.

Maybe we should have listened to Obama when he tried to address these issue. Instead we bashed him for the so-called "cat commission" and here we are.

Seriously, the MAGA-morons will believe anything spoon-fed to them by the Presidential Felon.

Even Republicans in the House and Senate know that a significant number of their constituents are retired and dependent on SS and pensions, whether DT grasps this or not.

Heather Cox Richardson is pointing out that the ones who stand between us and utter mayhem are the even-slightly-more-reasonable Republicans in Congress. I'm still trying to figure out how many of those there are, but I find her morning newsletter gets my adrenalin down.

...stock market but I couldn't move it all.

There is no damn telling what those psychopaths, criminals and rapists will do.

Esp to people of color, childless women, and the disabled, poor and elderly whom they consider worthless human beings who should die.

There will definitely be attempts to weaken and privatize SS, Medicare and other benefits, but it’s not all going to go “poof!” On January 20.

that could make things hairy. Things that were floated in the Great Recession, like goverment regulation of SD boxes, outlawing cash, taxing bank deposits just for being held in a bank. But these are extreme measures and would create a backlash.

Will they try to reduce SS? Like maybe 15%? That's not beyond the realm of possibility, but again, the backlash.

More likely they will raise income tax rates and force everything to be taxable income.

Think of it as a wealth tax - on everyone at the bottom. So the wealthy can get their tax cuts.

my age mates have been predicting that Social Security won't be around for us. Even then I knew that was bullshit.