10 things to know about Social Security

Familiarize yourself with strategies that can help maximize benefits or protect loved ones in the event of your death.

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385Comments
Nov 18, 2012 12:37PM
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He is the only thing you need to know about SS and all other government programs, it is broke. For the first time in its history you now have two generations collecting, the greatest and the boomer. 10,000 of my peeps including me are signing up everyday, yes everyday. It like all great Ponzi schemes seems so good, yea my grandparents made out like kings, my parents who are still alive they made out great also. My generation, maybe, but the peeps 50 and under, well you just keep getting to pay for our retirement and along with the 16 trillion we rang up in debt. You will have to live to be 200 to pay it off.
Nov 18, 2012 12:37PM
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Lots of ****t on here,  35% you you would be in soup lines but for SS transferee payments.  We just had another great depression, cause by the same thing as the last, excess money stealing by the banker elite.  SS have never been stronger, and it easy to fund it expand tax base to more income, cut benefits for rich people, who have income of over $100,000 a year.
Nov 18, 2012 12:36PM
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Financial servitude. Exploited labor. Biggest bang for the buck.

Then you just die. All planned out. Net to debt. America greed and political pickpockets.

In God I trust, who else is there?

Nov 18, 2012 12:33PM
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SS is solvent itself. It is raided, like our retirement fund in Kentucky Teachers Retirement when politicians pay for pet projects that go overbudget. Now they want SS money to pay for 2 wars and the doughnut hole that Bush gave us. I pray that the President does't allow te Republicans to hold SS and other programs hostage to get their rich Owners (Oil companies , bankers, and wallstreet) a tax break like they did before. The GOP has done everything in its power to stop economic recovery in this counrty. Don't cave in President!
Nov 18, 2012 12:29PM
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With Obama in the Whitehouse there will be no SS in 15 years.
Nov 18, 2012 12:27PM
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The other thing you should know:

The government has robbed the trust fund blind, and there is nothing in it.  This stealing from oneself makes up a large part of the national debt, more than what we borrowed from China.

This fact is always ignored by the media, who must believe we are all too stupid to understand it.  Or they are in the tank for the evil conservatives who want to setup a system by which the government can't steal from the fund.  Imagine the horror of that! 

The chances of anyone under 55 every seeing a dime from SS are between slim and none.

The chances of anyone over 55 ever seeing a dime from SS are slim.

If you haven't done something about your own retirement, and your kids aren't reliable, you're screwed.

Nov 18, 2012 12:23PM
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Why is it that older guys who re-marry  a younger woman and procreate get to have their kids get social security benefits - especially when they are rich? 
Nov 18, 2012 12:19PM
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And for all of you who support same sex marriage (which has nothing to do with love, homosexuality, etc) It has to do with any two people that can get a marriage license.  Do you know what the impact will be if the DOMA law is repealed increasing survivor, child, and spousal benefits to people that could not have received them before? My plan is that if my wife were to pass away, that I would marry my nephew that is 30 years younger than me and when I would die he could receive twice the amount than he can on his own.  Once I realized to look at the same sex laws in terms of government benefits, what a revelation!
Nov 18, 2012 12:18PM
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the same commie agents who scream for "choice" will not give us the choice to plan for our retirement the way we want. We should be able to chose a private alternative to the govt. plan if we want. Why have "choice" for some things and not for others..?
Nov 18, 2012 12:14PM
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People, wake up.  What you put into SS even if it was invested well is only good for about 10 to 12 years.  Same with Medicare.  Do the math!  After a while it does become an entitlement.
Nov 18, 2012 12:09PM
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The government really shouldn't have a say in our retirement benefits. We worked for it. We paid taxes over the years. It rightfully belongs to us.
Nov 18, 2012 12:03PM
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BRONCOTOMMY1948!!  MY FRIEND WAS INTHE LINE WAITING  . YOU MUST WORK FOR THE CLOWN, OR YOU WERE DRIVING THE TRUMP VAN!!!!!
Nov 18, 2012 12:01PM
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For manyyears they have been talking about cutting, regulating or privatize SS benefits. No Government in its right mind should mess with money older citizens have paid throughout meny long years of working so that when retirement comes we can have some form of financial help. The money taking out of our pay is ours and not the Government, Republican or Democrat. Please leave it alone and find some other ways of getting out of the debt you had no business incurring.
Nov 18, 2012 11:54AM
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SS SHOULD be done away with... but NOT for the people who have already contributed. Anyone who has already paid should be able to get their share of benefits out, but starting today, people should be able to do with THEIR money what THEY want to do with it, NOT have the gov't force you to do what THEY think is best with it. I can save for my retirment all by myself, like a big boy... I DON'T need the gov't forcing me to pay for someone who may or may not be as adult about their retirement as me. If you don't save, who's fault is it... mine??..... the gov't??..... NO, it's Y.O.U. !! Don't force me to pay for other people's lack of personal responsibility. If you can't be adult enough to save for yourself, don't force ME to do it for you !!
Nov 18, 2012 11:41AM
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Lets imagine that I take my SS at the earliest age.  62.  Lets say that my SS is reduced permanently by 25%.

For illustration, lets use the arbitrary figure of $100 at full retirement age of 66.  My early check will be $75 a month.

So, for 48 months I recieve $75 that I would not have recieved had I waited till age 66.

This amounts to $3600 collected.

Now, If I wait till age 66 to begin collecting, and receive the full $100 a month, how long will it take for the additional $25 dollars a month to catch up to the $3600??

 

It will take 144 months just to break even.  That's 12 years.  At that point, I would be 78 years old.

This is when you must ask yourself, how long do you think you are going to live??

I believe that, if you can afford to do it, you are better off taking the money at the reduced rate at age 62.  Just do the math.

Nov 18, 2012 11:39AM
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What if they were married 8 years then divorced and then remarried and married 4 more years?  They weren't married 10 together in all there was a divorce in between,so does that still quailify his ex to draw off his SS?
Nov 18, 2012 11:29AM
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There is alot of wrong doing on spending in the government mainly for votes.  The rules on these funds are totaly screwed. so for I worked 40 years have another ten to put into a broken system. Lets say the wife and I are the same age and make the same money  we hit 62 we both retire and tack her social security then at 70 we jump over to mine because it keeps growing since we didnt touch it and wazam we get a big pay raise.  That the crap I am talking about if you take one then thats the one you keep.  The government full of lawyers and cannot get rid of all the loop holes.  No wonder we are set for 3 cliffs.
Nov 18, 2012 11:28AM
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take the money asap.do not wait for them to change the rules.
Nov 18, 2012 11:21AM
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Solexer,I agree with all you say with 1 exception. Obama took 500 BILLION OUT of SS to help pay for his Obamacare. There are so many Laws in that Bill it would shock you for instance. Medicare with of course is a part of SS advertises that they will pay for a Physical each year. I've had many surgeries the past 6 years with the exception of this year. Each time I had a surgery I had to get a Physical which between Medicare and Blue Cross Blue Shield I never paid a dime for the Physical or the surgery. These surgeries have amounted to close to $200,000.00. So back to getting my Physical this year. I went in April to get mine. It took until this month for Medicare and BCBS to figure out Obamacare. Under Obamacare Medicare now only pays for the lab work for an annual Physical.They used to pay for the entire Physical. I have to pay for the Doctors bill myself as BCBS does not cover a general Physical. I will never again see my Dr. for anything other than and existing medical problem and I'm fully covered. Obama fixed it so I have to pay $218.00 out of my own pocket and I'm on SS Disability. He is part of the blame for sure and I've just proven it.
Nov 18, 2012 11:17AM
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Yea but sorry to report its too late. Politicians of all types have been robbing the SS funds for many years. Now I am 57 my Father retired at 55! now the thievin bastards want me to wait to 62. Citizens get ready because the future aint bright and yes I meant that bad grammer.
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