Posted on 07/30/2015 7:26:12 AM PDT by SeekAndFind
RE: Take your social security the very first day you can. Take it for as long as it lasts.
Question: When I reach 62 and I am still working, can I still get social security?
And it’s gonna stay there.
But I never used steroids?
(Obscure baseball joke)
DH and I have paid the max amount into social security for over 25 years each. What do I expect to see when I retire? Not a dime.
Beginning with the month you reach full retirement age, your earnings no longer reduce your benefits, no matter how much you earn.
My wife starts social security at 62 next month. But she’s been retired for 9 years.
The Social Security earnings limit for 2015 is $15,720. If you get Social Security before your full retirement age, Social Security will deduct $1 for every $2 that you are over $15,720.
http://www.ssa.gov/pubs/EN-05-10069.pdf
Yes, but they will reduce the payment. See this -
http://www.ssa.gov/pubs/EN-05-10069.pdf
The SS DI trust fund goes bust in 2016 and benefits must be reduced by law. No doubt, as has been done 11 times before, money will be moved from the SSTF to cover the shortfall.
The 2015 earnings limit in the year of full retirement is $41,880. Social Security will deduct $1 for every $3 over this limit. There is no limit on earnings starting the year after full retirement age.
Good point. So you could have 3 years or so (depending on your individual full retirement age) at the 15k number, and a year at the 41k number before there is no deduction.
And Amnesty. Fedzilla needs a new taxable base to scam...
“Now is the time for Baby Boomers to force their elected leaders to confront this issue and take action. The planned benefit reduction should be a major talking point for every 2016 presidential candidate, but somehow it is not.
Why? Politicians fear confronting the truth, and they fear Americans can’t handle it.”
Well, the politicians are right on this issue. Nobody wants to face facts and harsh realities. Point out the incontrovertible fact that benefits are going to be cut, one way or another, and even reasonable conservatives start hollering like a welfare queen whose EBT card is declined.
That’s an extremely detailed and long-winded way to state a simple fact: “Social Security benefits are not guaranteed and could be stopped tomorrow by a simple statute”.
Social Security is not an insurance program--it is a dedicated tax program. On paper, it doesn't work; it has never been workable; anyone who believed it was just kidding themselves.
The Democrats simply lied about the program when it was adopted; they have continued to lie about it ever since.
We could improve the program and force Congress to face real arithmetic by completely repealing the FICA and replacing it with an adjustment (upward) of base income tax rates sufficient to justify current payout levels; maybe Congress would face up to benefit payout levels; maybe it would not.
But ultimately, some variation of that proposal will be implemented. The benefit of such a proposal would be to eliminate the horrendous overhead cost of collection of the current tax; and facilitate identification of the high level of fraud in the program both of which will free up resources to apply to benefit payments if Congress chose to use them for that purpose.
The essential fact however is that the entire program from day one has been another Democrat fraud designed to buy votes with your tax dollars. Get over it. Do something about it.
Hillary hates everyone but white liberal elites and black inner city thugs. One groups keeps her in power - one group’s her homies...
They don’t need to pass a statute to stop SSI. All they have to do is declare they ran out of money.
SSI is a tax as such you have no legal recourse to get a dime from it.
IMHO they will import all these illegals, give them citizenship and then push thru confiscation of personal retirement accounts (sold by either do it or face a 25% tax on withdraws) and then redistribute to everyone based on “need”.
So you saved your whole working life for a nice nest egg, good for you.....SUCKA! Poor Jorge and Jose who snuck in to pick cabbage and Jasmine who never worked because she wanted to be the Local Section 8 Housing Service Center and has 18 kids by 18 different Baby Daddys wants your stuff!
The low wage/imported labor/spenders that didn’t save a dime for retirement will love it...everyone gets a bit of your money....
One big Communist Family...
I’ll have to look at mine again, in 2033, I’ll be 63, not old enough to retire.
/cue sad trumpet
//wah wah waaahhhhhh
Actually the number is in excess of 200 trillion.
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