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Social Security COLA rant :(
#11
It can survive, If They remove the cap that is set on FICA...I believe it is a 125,000 cap..so if you make more than that you only pay fica up to the 125k So the wealthy still keep getting a kickback per say. Remove the cap SS will and can survive

ere is some more info: https://www.investopedia.com/ask/answers...ca-tax.asp
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#12
Ok...I have no problem with no Medicare or social security....JUst...pay me back what I paid in since I was 16 years old. Plus interest. I'll take care of myself.

I paid for these benefits...paid big time! Not an entitlement....I paid
"I never saw a sight that didn't look better looking back"

Kat, Smidge the cat, and Honey

1988 Honeywell.  E350 chassis   21'
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Ballenxj (12-10-2017)
#13
I gladly paid my “INSURANCE “ premiums. Now I am collecting my payments. Just quit whining and go along with the program. There were weeks when I payed in much more than I get in a month. 


Ya pays your money and takes your chance.  Welcome to America.
Trouble rather a tiger in his lair than a sage at his books. To you kingdoms and armies are mighty and enduring, to him they are toys of the moment, to be overturned with the flick of a finger. G Dickson.
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#14
(12-10-2017, 10:40 AM)mpruet Wrote: I decided long ago that I would not rely on Social Insecurity.

THIS ^^  I came to that conclusion before I even hit 18.  If, and that's a big IF to me, I actually do get SS when I retire..(heh..when..wishful thinking on my part!) it will just be bonus money to me.  

To me, Social Security is just the government saying "we assume you're too irresponsible to save for retirement, so we'll do it for you with your own money".  Based on the number of complaints I hear 20+ years later, it would appear that the government was right.  It's highly likely that I won't retire rich, but I also won't be trying to decide whether to pay for food or the light bill, regardless of happens with the SS program 20 years from now.
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#15
PPPPPP

Look it up.

Some people have no problem with it.
Trouble rather a tiger in his lair than a sage at his books. To you kingdoms and armies are mighty and enduring, to him they are toys of the moment, to be overturned with the flick of a finger. G Dickson.
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#16
Haven’t read it but it showed up on my fb feed

How Social Security Will Change in 2018
Whether you're paying into the program or collecting benefits now, these tweaks will affect you

https://www.consumerreports.org/retireme...e-in-2018/
I'd like to give myself a few negative ratings, because I am such a big meanie. The forum won't allow it. Feel free!

Cyndi (made it across the cattle guard)
http://rvlyeverafter.blogspot.com/

"I reject your reality and substitute my own."
~ Adam Savage
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Ballenxj (12-11-2017)
#17
Unfortunately, there are millions of people receiving SS benefits similar to yours, who did not pay into the system for 57 years....

I've paid over $260k into SS over my life time. My most recent benefit notice/update states they have sufficient funds to honor 73% of my benefit. I'm sure you've heard on the news, late term baby boomers who have paid into the system their entire lives will not receive their original contribution back prior to death. I can't get my full benefit unit I reach 66 years 8 months of age. 

I'm in that group!
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#18
Another hijacking. While the pols sing their praise for giving us a COLI, they don't mention they took it back with higher Medicare premiums.

Takes less than 11 years to collect more that we pay in. I hope you live to 80.
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Ballenxj (12-23-2017)
#19
(12-23-2017, 08:51 AM)Weight Wrote: Another hijacking. While the pols sing their praise for giving us a COLI, they don't mention they took it back with higher Medicare premiums.

Takes less than 11 years to collect more that we pay in. I hope you live to 80.

Hahaha, I hope everybody manages to make it well past the century mark. Good luck everybody, and have a Merry Christmas while you're at it. Smile
Doing the Van thing since the early eighties.
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#20
(12-22-2017, 09:38 PM)Deal Breaker Wrote: I've paid over $260k into SS over my life time. My most recent benefit notice/update states they have sufficient funds to honor 73% of my benefit. I'm sure you've heard on the news, late term baby boomers who have paid into the system their entire lives will not receive their original contribution back prior to death. I can't get my full benefit unit I reach 66 years 8 months of age.

$260K, Really.    Il've paid maximum into SS every year for my life time and the amount that I've paid was $154,456.  True, my company paid $165,466, but the amount that I paid was $154,456.  There is absolutely no reason to believe that the money which my company paid would have been added to my salary if it had not been paid into SS.  In fact I doubt that it would have since the money that a company pays into SS is a tax credit for business, but an increase in salary is not.
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travlinman and wife (12-24-2017)


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