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Posted: 6/6/2018 2:37:13 AM EDT
[#1]
And yes my child is perfectly healthy with no chromosomal or health issues. If you marry late like I did, have a child late, I had her at age 52, then you get extra money. PLus have the child with a young wife so she can legally cash in too.
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Posted: 6/6/2018 2:43:03 AM EDT
[#2]
If they're saying the reserves will run out in 2034, I'd wager it will actually happen in 2026. If not sooner.
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Posted: 6/6/2018 2:46:09 AM EDT
[#3]
Quote HistoryQuoted: As long as old people vote, social security won’t go anywhere. They will just jack up SS rates on those still in the work force. |
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Posted: 6/6/2018 2:48:43 AM EDT
[#4]
I think I want my money back.
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Posted: 6/6/2018 2:54:28 AM EDT
[#5]
There should be a way to opt out completely.
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Posted: 6/6/2018 2:55:37 AM EDT
[#6]
Quote HistoryQuoted:
"assets" "reserves" You keep using these words... |
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Posted: 6/6/2018 2:59:34 AM EDT
[#7]
Step 1:
Immediately stop transferring funds from ordinary social security to "supplemental" social security (SSI). Step 2: Clean out the fraudulent recipients of SSI which is a huge percentage. |
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Posted: 6/6/2018 3:02:46 AM EDT
[#8]
Can I instead redirect the money I would give to SS to my retirement savings? Since at least that will be there when I want to retire.
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Posted: 6/6/2018 4:09:26 AM EDT
[#9]
Quote HistoryQuoted:
Can I instead redirect the money I would give to SS to my retirement savings? Since at least that will be there when I want to retire. |
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Posted: 6/6/2018 4:24:55 AM EDT
[#10]
Quote HistoryQuoted:
They’ll do away with income caps. Then apply means testing. At that point there’s no hiding that it’s simply No matter how hard FBHO tried, he could never beat the damage FDR did. |
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Posted: 6/6/2018 4:33:52 AM EDT
[#11]
Quote HistoryQuoted:
I can't wait until the gold bugs get hit with the return of EO 6102. |
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Posted: 6/6/2018 4:37:57 AM EDT
[#12]
Quote HistoryI wouldn't get too worked up about non-citizens that actually paid into the systems receiving benefits. That is normal in most industrialized countries.
Or, to paraphrase Star Wars, "these are not the non-citizens you are looking for." |
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Posted: 6/6/2018 4:47:58 AM EDT
[#13]
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Posted: 6/6/2018 6:31:13 AM EDT
[#14]
Quoted:
When you reach SS age, at least 62, you not only get your age 62 SS but your minor chlldren get 1/2 of your FULL SS RETIREMENT, AGE 66.6 for me, even though you quit working at age 62!!!. This is tax and deduction free. She/we receive this until age 19. But it gets better....my wife who is far from SS age, gets THE SAME 1/2 OF MY FULL SS RETIREMENT. The law states she gets this " to care for my minor child". My net worth is around a million dollar with no debt and payed for home... yet the law provides SS payments to my wife to take care of my 10 year old!!! She gets this until our child is 16. Yes..its all legal....yes it is a legal scam. Yes I'm taking the fucking money. 
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Posted: 6/6/2018 6:33:58 AM EDT
[#15]
Quote HistoryQuoted:
Just stop SDI/SSDI |
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Posted: 6/6/2018 7:12:06 AM EDT
[#16]
Quote HistoryQuoted: You won't be so glad then as you think you will. |
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Posted: 6/6/2018 7:17:20 AM EDT
[#17]
Quote HistoryQuoted:
So I will get shafted at age 76. That's nice. This story definitely tilts the scale toward filing as early as possible. I'll turn 62 in 1 year and 8 months. I have easily enough in savings to stay afloat until then without digging much into principal.  Most of my coworkers wait until full retirement to get the extra 8%. They also have savings and stuff. My parents died in abject poverty, I have not good financial role models except for watching my coworkers, who come from a different social class than me, and I try to do more of what the successful ones do and less of what the financial failures do. I have savings but don't want to deplete them by having to provide health insurance for myself. I am considering leaving my current field and getting a job just for the health insurance and benefits. My spouse has such a job, I could work there. Not sure if that makes sense either. It seems like planning around SSI is a sure road to poverty. |
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Posted: 6/6/2018 7:17:46 AM EDT
[#18]
Where’s my opt out option? Seriously, I will agree to never collect if you stop raping me every time I get paid.
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Posted: 6/6/2018 7:21:33 AM EDT
[#19]
Quote HistoryQuoted:
Get rid of early retirement at 62 and watch the magic happen. |
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Posted: 6/6/2018 7:22:25 AM EDT
[#20]
Quote HistoryQuoted:
Seriously eh.... do people not realize those are "IOUs"...aka poof...gone a good 30 years ago I'm curious to see the tipping point when the older half will be forced to admit it at the polls, and what that will do to their politics. |
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Posted: 6/6/2018 7:30:20 AM EDT
[#21]
Quote HistoryQuoted:
W wanted to fix it, kind of. I believe that in the 60s and 70s, his father was for winding down and ending Social Security as well. 
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Posted: 6/6/2018 7:36:54 AM EDT
[#22]
Quote HistoryQuoted:
That's adorable. Just a year or so before I become eligible. But I'm not that worried about it, been contributing since 15 yrs old and I've been paying at the max SS withholding for years so I can assure you that one way or another I'm getting my fucking money. 
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Posted: 6/6/2018 7:45:00 AM EDT
[#23]
Quote HistoryQuoted:
All the money they already pissed away on discretionary spending is still there in the form of an IOU backed by the full faith and credit of the US gov't. Don't think of it like they spent everything they had left over every year, think of it as being invested in government bonds. |
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Posted: 6/6/2018 7:48:11 AM EDT
[#24]
I heard on the radio that SS will run out of money in 2033, that makes my choice easy when the time comes. I also heard in the same breath that Medicare will run out of money in the next 10 years. I would put the cost of medical expenses way beyond SS. Overall we are screwed in the next 15 years.
People living off EBT/Medicare/SSID are starting to live better than your average joe. This will create more people that will become “takers” and the less that will be “givers.” Eventually no matter how much you bring home the Gov will take it all “for the people.” I have paid into the system for over 30 years, I would prefer they do away with SS as a percentage based option but if they gave me the choice I would deny my future benifits to invest my money towards MY retirement and not someone else’s. (My percentage would be based on the number of years I put into the system divided by 62, This is giving the Gov at least 12 years free. I doubt many worked and paid into SS before the age of 12. Now take the money I would receive at 62 and multiply it by the percentage calculated above.) |
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Posted: 6/6/2018 8:00:32 AM EDT
[#25]
Quote HistoryQuoted:
I don’t follow, if net income is total income minus expenses but before payouts then how have they NOT been depleting reserves. Money tree? They're IOUs issued to themselves. |
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Posted: 6/6/2018 8:03:40 AM EDT
[#26]
Quote HistoryQuoted:
If Social Security only payed to those who put in, there would not be a problem. 
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Posted: 6/6/2018 8:03:44 AM EDT
[#27]
Quote HistoryQuoted:
If Social Security only payed to those who put in, there would not be a problem. |
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Posted: 6/6/2018 8:06:01 AM EDT
[#28]
Quoted:
https://www.foxbusiness.com/politics/social-security-to-tap-reserves-to-cover-2018-benefits The total costs of Social Security will exceed total income this year for the first time since 1982, according to the annual Social Security and Medicare trustees report released on Tuesday, as funds for Medicare are expected to run dry earlier than expected.
While costs have exceeded net income since 2010, this is the first time in more than three decades that spending is expected to outweigh total income, by about $2 billion, meaning asset reserves will decline. Asset reserves as of 2017 were $2.9 trillion. The trustees forecast that 100% of benefits will be covered through 2034, after which the trust funds for Social Security, which also cover old age and disability insurance programs, will only be able to cover about 79% of benefits. |
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Posted: 6/6/2018 8:06:10 AM EDT
[#29]
Quote HistoryQuoted: It was invested in govt treasury bonds and the govt did what they always do when they sell govt treasury bonds, they spend the money. They should all be put in prison for fraud. |
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Posted: 6/6/2018 8:16:42 AM EDT
[#30]
A member posted the other day about walking into his local SS office and seeing nothing but people that were in their 30s in there. SSDI is what is breaking the back of SS.
Hell, many states will walk the deadbeats through the process just to get them on SSDI because it gets them off the state's roles. |
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Posted: 6/6/2018 8:35:00 AM EDT
[#31]
Quote HistoryQuote HistoryQuoted:
Quoted:
When you reach SS age, at least 62, you not only get your age 62 SS but your minor chlldren get 1/2 of your FULL SS RETIREMENT, AGE 66.6 for me, even though you quit working at age 62!!!. This is tax and deduction free. She/we receive this until age 19. But it gets better....my wife who is far from SS age, gets THE SAME 1/2 OF MY FULL SS RETIREMENT. The law states she gets this " to care for my minor child". My net worth is around a million dollar with no debt and payed for home... yet the law provides SS payments to my wife to take care of my 10 year old!!! She gets this until our child is 16. Yes..its all legal....yes it is a legal scam. Yes I'm taking the fucking money. 
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Posted: 6/6/2018 8:51:59 AM EDT
[#32]
Quote HistoryQuoted:
We're almost the same age. I'm vacillating as to when to retire as well. Most of my coworkers wait until full retirement to get the extra 8%. They also have savings and stuff. My parents died in abject poverty, I have not good financial role models except for watching my coworkers, who come from a different social class than me, and I try to do more of what the successful ones do and less of what the financial failures do. I have savings but don't want to deplete them by having to provide health insurance for myself. I am considering leaving my current field and getting a job just for the health insurance and benefits. My spouse has such a job, I could work there. Not sure if that makes sense either. It seems like planning around SSI is a sure road to poverty. |
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Posted: 6/6/2018 8:55:18 AM EDT
[#33]
Quote HistoryQuoted:
If Social Security only payed to those who put in, there would not be a problem. |
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Posted: 6/6/2018 8:58:09 AM EDT
[#34]
Quote HistoryQuoted:
They’ll do away with income caps. Then apply means testing. At that point there’s no hiding that it’s simply wealth redistribution. |
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Posted: 6/6/2018 9:34:47 AM EDT
[#35]
Quote HistoryQuoted:
Pay the fucking stolen money back with interest assholes. Problem solved. |
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Posted: 6/6/2018 9:47:23 AM EDT
[#36]
Quote HistoryQuoted:
The reserves that were raided and spent decades ago to buy votes? Yet, if you are the government, it is legal. Not sure how that works,, but no one will go to jail for it. The bottom line is that the money has been spent long ago. They simply added it to the Federal Deficit, but in reality, no one owes the debt. Think of it this way. Take $20 from your left pocket and put it into your right and then spend it. Using government rules, your left pocket has an asset that is owed by your right pocket of $20 plus interest. That is our SS scam. and All and I mean all SS is paid from current taxes and we have been running a deficit on that for a long time. They will never stop until the system crashes. The system will not crash unless the people lose faith in the government. Since the right is growing stronger, there is in theory more faith in the government. Such is life. |
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Posted: 6/6/2018 9:48:04 AM EDT
[#37]
Quote HistoryQuoted:
They’ll do away with income caps. Then apply means testing. At that point there’s no hiding that it’s simply wealth redistribution. |
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Posted: 6/6/2018 9:48:45 AM EDT
[#38]
11 million on SSDI
$1200 a mo. Average payout $13 Billion a year. Research admits its insurance for the unemployable. Eligibility doesn't have to come from an MD appraisal. Lesser scribes and pharissees can do. 
ETA it is the SSDI that is broke but in the real world that's a technicality |
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Posted: 6/6/2018 9:51:00 AM EDT
[#39]
Quote HistoryQuoted:
How long before they implement a means test? "Oh, you have another retirement, well you don't need SS then. Thanks for paying into it though, sucker." |
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Posted: 6/6/2018 9:52:52 AM EDT
[#40]
LOL.
SS isn’t going anywhere. The money isn’t going to run out. You don’t hear about welfare benefits running out of money do you? SS is just another entitlement to keep the masses happy. |
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Posted: 6/6/2018 9:53:21 AM EDT
[#41]
Quote HistoryQuoted:
I never count SS in my retirement planning. My biggest fear is that they steal from our private retirement accounts. That is why I am bullish on bulldozers What gets me are those who avoid the taxes all their lives by self - employment and then complain they have so little SS to live on. |
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Posted: 6/6/2018 9:56:17 AM EDT
[#42]
Quote HistoryQuoted: You mean raiding 401ks, IRA's in the form of legislation after the next stock market crash that says a portion of those MUST be in Treasury notes since they can be "guaranteed." |
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Posted: 6/6/2018 9:56:59 AM EDT
[#43]
Quote HistoryQuoted:
If Social Security only payed to those who put in, there would not be a problem. |
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Posted: 6/6/2018 9:57:42 AM EDT
[#44]
Quote HistoryQuoted: I thought I read somewhere that about 50% of Europeans money goes to taxes. |
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Posted: 6/6/2018 9:59:09 AM EDT
[#45]
Quote HistoryQuoted:
2034? So I'm going to start drawing at age 70 and when I'm 79, they'll cut benefits? That's just wonderful! |
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Posted: 6/6/2018 10:00:17 AM EDT
[#46]
Quote HistoryQuoted:
The scary part is that the Social Security Trust fund is the largest holder of U.S. debt. Wrap your head around that. |
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Posted: 6/6/2018 10:00:55 AM EDT
[#47]
Quote HistoryQuoted:
As Milton Friedman said, Social Security isn’t a retirement scheme, It is a bad welfare scheme and a bad tax scheme sold as a retirement scheme. If we want to maintain SS, there are three solutions: increase taxes/contributions, reduce benefits, and/or add a bunch of workers via immigration or a massive change in the birth rate. Choose one or a combination of the three. As it stands thus far, SS is not sound (and has never been sound) from an actuarial perspective. No insurance company would ever be permitted to sell such a scheme because the payouts plus the costs exceed the tax revenue unless you have a continuously growing work force. |
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Posted: 6/6/2018 10:01:44 AM EDT
[#48]
Quote HistoryQuoted: Gingrich? |
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Posted: 6/6/2018 10:02:18 AM EDT
[#49]
Quote HistoryQuoted:
That's all I got for retirement. I hope it is still there... |
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Posted: 6/6/2018 10:03:15 AM EDT
[#50]
Quote HistoryQuoted:
I get three deposits from SS each month. My age 62 SS deposit. My 10 year old daughter's SS deposit My 38 year old wife's SS deposit for " taking care of my minor child" Yup three deposits each month. Over $40,000 a year just from SS. Fucking God Bless America!!! |
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