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Quoted: Boomers are gonna vote to sieze the 401k of younger generations next so it can be funneled into to SSA. Because Nana doesn't have enough wealth from that house she bought at $22k that's now valued at $3M. She needs it to buy more beanie boos and China dishware for her grandkids View Quote You add so much to this thread. Only hate and no wisdom. |
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Quoted: Redistribution of Wealth. Majority of SSI collectors never paid a dime into it. Part of the reason why the fund is going broke. Dems just couldnt resist keeping their hands out of that cookie jar, the only thing demmunists love more than buying votes is buying votes with conservatives' own money. View Quote Back to the Food Pantry stuff across from Court and County Jail, A lot of folks here where you could film a " Deliverance" see squeal have maybe only worked a few months out of their lives, mostly working cutting wood, babysitting and working for cash. When we pay the neighbor her $50 for helping clean, she has a lot of traffic next door and don't see her for a while. No teeth, acne, and usually sick from the mold in the trailer She won't work "On The Books". I used to drive the truck @ LOVE INC , I dropped free stuff off to her. I was gonna be a Knight of Columbus, so I cut and split wood, drove it over to St Barts, where I am still an Usher but don't go. Then we delivered it next door. Then I pushed 18" oak logs over that needed splitting, she didn't have a wheelbarrow. Well I put the logs in my wheelbarrow. I don't have a axe, she said, as I held it to the light. So I put a sledge, wedge, maul and a axe in the wheelbarrow 79' from her woodstove. They sat until the next rain a week later. The oak logs are still there 8 years later..... |
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Quoted: Boomers are gonna vote to sieze the 401k of younger generations next so it can be funneled into to SSA. Because Nana doesn't have enough wealth from that house she bought at $22k that's now valued at $3M. She needs it to buy more beanie boos and China dishware for her grandkids View Quote worthless mills and zekes don't got no 401ks, big shooter. |
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Quoted: Quoted: I love that the three or four actual tards in congress support this. They face a little bit of a battle. However, they already created a de-facto death tax on Roths so I wouldn't put it past them to mess with RMDs and a hybrid tax on tax-deferred earnings and income (a flat tax on the earnings on top of your owed income tax). *pulls up a chair* Go on. Complicated but cliff notes are you have to drain an inherited Roth within 10 years of the original owner's death. Doesn't mean you necessarily owe taxes on it, just that you have to do something with it and you can't stick unearned income back into a Roth, nor can you use it as a tax-free investment vessel for your entire life. https://www.morningstar.com/retirement/faqs-about-inherited-iras |
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Quoted: Just get rid of the SSDI part... it's worthelss anyways. View Quote Quoted: I read the latest figure is a reduction to 77% due to early retirements (due to Covid and the vaccine mandates). Mark my words -there will be no reduction. They will increase the retirement age a bit and increase the earnings subject to the SS tax. Or they will print money so inflation will solve the problem. View Quote |
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Let the lesser generations pay for us boomer's extravagant life styles.
or if we use it all then so be it. |
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Quoted: Complicated but cliff notes are you have to drain an inherited Roth within 10 years of the original owner's death. Doesn't mean you necessarily owe taxes on it, just that you have to do something with it and you can't stick unearned income back into a Roth, nor can you use it as a tax-free investment vessel for your entire life. https://www.morningstar.com/retirement/faqs-about-inherited-iras View Quote Ah gotcha that's where you were going. I would quite call it a death tax, but I can understand a bit. |
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Quoted: SSDI isn't the problem. It is funded for 75 years in the projections. Boomers will loot it to make sure they get theirs. Or the QALY shows up because Medicare detonates first. And then the screeching will be epic. View Quote I hadn't considered the DI funds. That's a strong possibility. What are the reserves in DI vs Standard? |
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Quoted: I read the latest figure is a reduction to 77% due to early retirements (due to Covid and the vaccine mandates). Mark my words -there will be no reduction. They will increase the retirement age a bit and increase the earnings subject to the SS tax. Or they will print money so inflation will solve the problem. View Quote View All Quotes View All Quotes Quoted: Quoted: It should have been explained a bit better. "run short of funds" meaning short of funds for full benefits, (reduced to 83%), NOT an empty kitty. I read the latest figure is a reduction to 77% due to early retirements (due to Covid and the vaccine mandates). Mark my words -there will be no reduction. They will increase the retirement age a bit and increase the earnings subject to the SS tax. Or they will print money so inflation will solve the problem. I agree, that's just a projection IF nothing is done. It'll get fixed but I think they're just kicking it down the road for now. |
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Quoted: I hadn't considered the DI funds. That's a strong possibility. What are the reserves in DI vs Standard? View Quote View All Quotes View All Quotes Quoted: Quoted: SSDI isn't the problem. It is funded for 75 years in the projections. Boomers will loot it to make sure they get theirs. Or the QALY shows up because Medicare detonates first. And then the screeching will be epic. I hadn't considered the DI funds. That's a strong possibility. What are the reserves in DI vs Standard? At the end of 2023, OASI was 2.6T and DI was 147B. The problem is the drawdown on OASI was 70B last year alone and is going to increase as the rolls grow. That cliff is fun. Attached File |
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Quoted: At the end of 2023, OASI was 2.6T and DI was 147B. The problem is the drawdown on OASI was 70B last year alone and is going to increase as the rolls grow. That cliff is fun. https://www.ar15.com/media/mediaFiles/200878/Cliff_PNG-3211474.JPG View Quote Damn that's not even two years worth. I bet they still combine it like you're saying as a stop gap. |
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Quoted: Boomers are gonna vote to sieze the 401k of younger generations next so it can be funneled into to SSA. View Quote I'm voting to put the younger generations directly into slavery. After a few days under the whip they'll be singing a different tune indeed. I thought the thread was about SSI? |
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The government wants control, your vote, and your money. That's it. They don't care about you as individual. Who's money is behind these congress critters that constantly steal from us while taking our rights away?
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The money Traitor Joe Biden pissed away to Ukraine could fix it.
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I am robed of more ssa every paycheck than federal taxes.
The South was visionary in 1861. The monster they rebelled against has grown exponentially. They should get freed their slaves before Lincoln did and the war would have had more international support besides the Irish being forced into military service. We're all on the federal plantation now. |
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I think they'll use inflationary measures to fund it in the future (printing money).
Then we'll really be off to the races. |
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Quoted: I am robed of more ssa every paycheck than federal taxes. The South was visionary in 1861. The monster they rebelled against has grown exponentially. They should get freed their slaves before Lincoln did and the war would have had more international support besides the Irish being forced into military service. We're all on the federal plantation now. View Quote go on welfare. problem solved, problem staying solved. |
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Well, I was planning to wait 3 more years to start getting mine.
Maybe I should start now. |
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Quoted: To make it “more fair and equitable”. Clown world. Social Security Administration to expand access to benefits under major overhaul https://www.ar15.com/media/mediaFiles/259519/IMG_4353_jpeg-3211043.JPG The Social Security Administration is poised to bring in new rules which will make it easier for qualifying Americans to access certain benefits - and increase payments for some. The change will apply to Supplemental Security Income (SSI), which is a means-tested program which provides monthly checks for more than 7 million disabled Americans and seniors over 65. The new rules will expand the definition of what qualifies as a public-assistance household - the first change since 1980. Currently, food assistance may count as unearned income for those receiving SSI, meaning their payments could be slashed or their eligibility affected. Those that receive Supplemental Nutrition Assistance Program, or SNAP, payments, will be included in the definition of public-assistance household under the new rules which are set to go into effect on September 30. The new policy will also expand the definition to take in households where not all members receive public assistance, which was previously a requirement. A public-assistance household will now be defined as one with both an SSI applicant or beneficiary, as well as at least one other member who receives one or more forms of means-tested public income maintenance payments, CNBC reported. 'By simplifying our policies and including an additional program geared towards low-income families, such as the SNAP, we are removing significant barriers to accessing SSI,' Social Security Commissioner Martin O'Malley said in a statement. 'These changes promote greater equity in our programs.' Currently, the maximum monthly SSI benefit is $943 per individual, and $1,415 for an individual and eligible spouse. The definition of a public-assistance household has not been updated in decades, Darcy Milburn, director of Social Security and healthcare policy at non-profit The Arc, told CNBC. 'I would characterize this as just good policy and commonsense changes to update this definition,' Milburn said. With the change, more Americans could qualify for SSI, or current beneficiaries may see higher payments. It comes after the Social Security Administration announced earlier this week it is expected to run short on funds by 2035. An aging population is pushing up the cost of the Social Security program as a smaller share of people are paying into it, and spending is outpacing income. The latest annual report from the Social Security Board of Trustees found that the program will only be able to pay out full benefits for the next 11 years - which is one year later than previous estimates. https://www.ar15.com/media/mediaFiles/259519/IMG_4354_jpeg-3211085.JPG View Quote F FDR FJB |
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Quoted: I am robed of more ssa every paycheck than federal taxes. The South was visionary in 1861. The monster they rebelled against has grown exponentially. They should get freed their slaves before Lincoln did and the war would have had more international support besides the Irish being forced into military service. We're all on the federal plantation now. View Quote I got in trouble for disrobing myself in a SSA office. |
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All of the federal government should enrolled in SS and Medicare , not their own special retirement and medical plans.
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Quoted: @C3H5N3O9 Someone posted that in another thread. Scary how stupid some people are in government. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: Quoted: Y'all don't get it. They don't believe they can run out of something they can create. Some of this gets really complicated.
@C3H5N3O9 Someone posted that in another thread. Scary how stupid some people are in government. @C-4 Yep, that thread is where I saw it. Most people know how self serving and incompetent the people in government are at a visceral level, but to have it on display like that was a rare treat. It’s like the time a friend of mine asked our congressman what the plan was for funding all the CV19 gibs, and totally serious, the congressman said, “We’ll just print more money.” |
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ummm...was bankrupt when they first dipped into it and replaced their bullshit fiat, with IOUs of fiat on fiat....
lmao...i mean c'mon, y'all still believe this shit has money in it? has no one learned anything since the dotcom bust, the banking failure of 08, etc etc etc.... |
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Problem is not money, since it's digital now for the most, and they can always print more of it if the banks run short on actual paper money instead.
Hence look at the all digital only money in circulation now in the banking systems, verse what is accumulate printed money in circulation, and the printed money is not even 1/4 of the amount of digital funds (and that not counting unregulated funds out side the banking system, like cryptocurrency). As for what holds up the USA dollar, its the currency of the world bank. So the problem, USA credit score drops to the point that rest of the world no longer uses the USA dollar at world banking currency, this case hyper inflation as the US dollar tanks, and if you through the great depression was bad, don't have a clue how bad is going to be this time around, including the government banning civilian possessions of precious metals again, to try to right the mess off the back of the civilians again. Currently, USA government is $35 trillion in debt, congress keeps passing debt increases but has not clue on how to stop is from keeping running out of control, and even raising taxes to some reasonable amount, can not stop it. Bottom line, if the government was any one's accountant, would have been fired when they had to take loans from JP Morgan when USA dollar was still on gold standards, and now off gold standards/nothing to back up the monopoly money that are playing with now, just a mater of time until the house of cards come crashing down. |
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Quoted: They are talking about SSI, supplemental security income, not Social Security. SSI is funded by the Treasury Department from general revenues not the FICA tax. How is SSI funded The Social Security trust fund is expected to run out in 11 years which is 2035. They have been saying 2034 or 2035 for at least the last five years. ETA SSI is welfare. I believe there are a lot of fake claims. Following Biden logic we should make it easier to file claims. View Quote No. Social Security was a forced Insurance program in case you outlived your financial preparations in old age. We have paid into it our whole lives, they owe us what we paid for. |
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Quoted: Idiot Liberal talking points. We are giving financial aid to Ukraine for all residents there in addition to giving arms for defense. The fact that someone receiving financial aid is retired is irrelevant View Quote You can try and sugar-coat it and politician-splain it away, but the fact is that the Government is telling us right now that they can’t meet the agreement they made with us for SS retirement income while ther checkbook is open for every pet cause they can think of. It’s almost like they are stealing the silverware on the way out… |
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It's my money and you want it now! Call JG Wentworth at 877-FUCKJOE
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Quoted: It’s far worse than this article suggests…. We are currently directly paying the retirement payments for people in Ukraine while our own Social Security has a decade until it can’t meet its obligations. They literally care more about retired people in Ukraine than they do you. View Quote View All Quotes View All Quotes Quoted: Quoted: This government sucks It’s far worse than this article suggests…. We are currently directly paying the retirement payments for people in Ukraine while our own Social Security has a decade until it can’t meet its obligations. They literally care more about retired people in Ukraine than they do you. Attached File |
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Quoted: I read the latest figure is a reduction to 77% due to early retirements (due to Covid and the vaccine mandates). Mark my words -there will be no reduction. They will increase the retirement age a bit and increase the earnings subject to the SS tax. Or they will print money so inflation will solve the problem. View Quote They would have to increase FICA to 18% in order to just meet current obligations. |
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