Social Security benefits to rise 5.9 percent for roughly 70 million people in 2022

[Karma13612]

19. Two employers

I worked for in my lifetime both put my pension money in the stock market. Since I am not an investment wizard, I had no idea about managing it. And I watched it collapse back in 1999/2000 and again in 2008/09.

I am retired 2 years now and have constant anxiety for every time the stock market tanks.

There should have been more options for employees who didn’t want to invest in the stock market and then have to face the fluctuations. It just isn’t right. And I can’t take it out quickly because I am then taxed at the really high rate as if I had a 6-figure job for a year, at least according to the financial person at the bank. I have never broken 50K a year income my whole working life.

The debt ceiling thing has me super scared because I understand the stock market will crash if the US defaults. And there goes my nest egg that is meant to last for the next 30 years (according to my family’s history of longevity). And if I pull it out, I get that huge tax penalty.

Between a rock and a hard place with zero zero zero options.

It just isn’t right.