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If RR Retirement was gone...
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<p>[quote user="schlimm"]</p> <p>The Railroad Retirement Pension is not Social Security. That was supposed to be the topic of this thread, yet it seems to have degenerated into another political back and forth, with more smoke then light. Why not discuss the thread topic, and you don't really know anything about this very specialized topic (sam1, others), let it go? [/quote]</p> <p>The question posed was if RR Retirement was gone...., which implies amongst other things what could take its place. One option is Social Security. In fact, over the years, there have been recommendations to fold RR Retirement into Social Security.</p> <p>My previous posts discussed briefly several options if RR Retirement was gone, including SS, private pension plans, and personal investments. I made it clear that I don't know the Railroad Retirement scheme or plan, except I am reasonably confident that it uses the same actuarial techniques employed by Social Security, private pension plans, insurance companies, etc. </p> <p>If the assertion is that I don't understand Social Security, 401(k) and 401(m) investment schemes or personal investing, no one posting to these forums has a clue, other than what I say, as to what I know. As a matter of fact, I read the Social Security and Medicare Trustee's report every year. Not just the executive summary! The complete report with all the actuarial tables! And I understand what I am reading. Also, as a retired accountant, I understand how the government accounts for transactions and how it differs from GAAP. </p>
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