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.
VIDEO ON MSN MONEY
Mitt Romeny and Clint Eastwood are reported to have formed an Alaskan Native Hedge Fund targeting the purchase of all the frozen igloos on the northern coast and trading them to China for cooling summer evening parties, however, last reported, the Eskimoos were chasing Mitt and Clint with harpoons for attempting to pay the Eskimoos with Confererate money. Last seen, Eastwood was running south to an Anchorage airport, carrying with him the empty mystical "chair", and Romeny was seen trying to climb into the chair and using his cell phone to call Trump for a limo asap.
This story has been seriously denied by Romeny election guru Carl Rove, who claims he knows the real story and insists his daa base is accurate except for a few no-no's that could happen to anybody.
Next time you post article, make sure you put all the info - not just teaser info. The part about collecting half of your ex-partners SS - you forgot to mention, you can not be remarried to do that.
Yes, and some keep talking about that SS will run out of MY MONEY--that would mean a new Greek Situation at once with riots and people will steal all government properties, and sell it (like the government does to collect SS taxes some times to people)--I suppose that is why USA has 6-10 times more police than real northern Western Countries, they actually do know here that the money they have stolen will have to be paid, and they obviously have no money left after raiding SS, to pay for Paul Ryan's college and other mismanaging SS situations.--and remember if you did not pay your 17,000 last year-- in my case always double SS--they come here with police and jail threats to harass and collect those "TAXES" which is nothing more than my own money they took directly without any deductions (even when we lost a million in flood damage), I can see why some here want lots of guns, because they can not trust the USA and State government.
However we did payd almost 6,000 billion in subsidies last year just to agriculture directly and indirectly, yes even part of AG universities, never mind auto industry, never mind space science, never mind thousands of technical projects, like computer chips I work on, so we can compete with the rest of the globe.
I simply want my money back, and I have paid 1,260,000 Dollars adjusted for official inflation calculated on when/year I paid, and that does include Medicare as well, and that of course also includes the same interest rate the Feds charge banks for money, after all the Feds borrowed the money from me. But I can live about 10,000 Years with what I get paid each year on what I have paid.
--Oh and the first thing they then do, is collect 125 Dollars a month anyway for medicare INS (I thought they were kidding), and then charge taxes of my money, THEY CALL MY MONEY BENEFITS AT THIS POINT, WOW I WAS FORCED TO PAY MY BENEFIT TAX ALL THESE YEARS!, that must be because of all that inflation and interest I have earned on that money.
Wake up USA, this is the biggest lie we have in the USA government!
Face it, the American public is the last thing on the "good ole' boy's minds". The system is broken, and the only way to fix it is for the American people to get together, stay together and let Washington know we want it fixed and we want it done now. Then put responsible people in office who will work for the American people, not special interest groups and not themselves. I am willing to take that stand, is everyone else? I have 47 years invested in SS and Medicare. What do I have to lose?
SOCIAL SECURITY AND POLITICS SUCKS.. I WORKED FOR FIFTY YEARS AND ALL I GET IS 944.00 DOLLARS..I DO NOT QUALIFY FOR MEDICAID OR ANY OTHER HELP BECAUSE ACCORDING TO RULES I HAVE ENOUGH INCOME TO LIVE WELL..
BUT I SEE ALLFOREIGNERS FROM PRACTICALLY EVERY COUNTRY IN THE WORLD SHOPPING WITH GOVERMENT DEBIT CARDS..GETTING FOOD STAMPS & GETTING RENT SUBSIDIES....
I plan on doing my share to help SS....I will begin taking money ASAP (@ 62) vs. waiting until 67.
The break even point, pay out wise, would come in my mid 70s. If I live to 90, I will end up with less money. I am willing to take that risk for the greater cause.
The truth about Social security is that the debt is not effecting it. It is in surplus.
This gave the ILLUSION of a surplus. The fact is, there NEVER was a surplus. The American people are easily duped. They rely on the media and their elected officials to tell them the truth, neither one does.
Millions of baby boomers will be retiring over the next decade. This will strain the system even more.
Lawmakers do pay 8 percent of their salaries into their pension system, although this only compensates for about 1/5 of the typical lifetime benefit. We cover the rest as taxpayers.
Member of Congress began to pay into Social Security in 1983, as part of a government-wide pension overhaul.
In addition, Members of Congress DO NOT draw the “same pension” as their pay in the last year of office as suggested in a rumor circulating on the Internet; only federal judges do that under the term “retirement pay.” Still, the formula is quite generous, and, with 20-25 years, a Member of Congress could retire with up to 80 percent of his or her salary replaced. Of course, the only cap on how fast their benefits rise is the rate of increase in CPI. For this reason, Congressional pensions can and frequently do exceed a Member’s final salary, but only after a few years in retirement, when COLAS begin to kick in.
In the final analysis, Congressional pension benefits are 2-3 times more generous than what a similarly-salaried executive could expect to receive upon retiring from the private sector. That ought to be enough to concern any taxpayer.
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