Socialist Agenda, steal from the dead to give to the worthless....
Rather than to let the dead decide who gets everything after they die via a will....
The good news is I'm ready to die anytime. :)
I call that good planning.
Life is for living. Live hard. ;)
/johnny
I doubt I will have much money left over when I die.
To quote the great philosopher Fred Sanford:
I’m gonna die owe’n!
If Social Security was a 401K plan, we could give it to our children. But no, the rape us while we are working then complain we die poor. WTH?
That looks like good financial planning if you ask me.At least the government can’t steal what you don’t have.
Mission Accomplished!
This just in!
An expensive Gov’t study has found out that you can’t take it with you!
Are we, maybe, just getting better at hiding them?
The study is also a reminder of the major impact that changes to Social Security would have for many ordinary Americans. “If we were to substantially reduce Social Security benefits for those later in life, that there is a share of the elderly households for whom that would translate very directly into reduced income, because they seem to have accumulated little in the way of financial resources,” notes Poterba.
My mother received a large insurance payment when her husband passed away. She invested the money but it didn’t earn faster than the cost of living and, when she began to have health problems, costs skyrocketed. She was denied government assistance because she had too many assets so my sister (her caretaker) got her to liquidate and disperse her assets until she could claim poverty enough to receive Medicare. The government paid for her nursing home care, her operations, her meds, etc. It would have bankrupted her if it had come out of her own pocket but she had to bankrupt herself to qualify for coverage. It’s a Catch 22 for most of the middle class.
Uh..., what percentage of Americans LIVE with less than $10,000 in assets, dependent on spending the entirety of their lives strongly dependent on the government?
Unsurprising. When you’re old and dying, before the gooberment will consent to help you have to spend down all assets to get poor enough to qualify.
You can’t take it with you.
Sound advice...anything left over after I croak will be liquidated with the meager proceeds going to cats.
Well of course!
What did they think would be the result of giving elderly care only to those without assets, and taxing at >50% any assets over a threshold?
Smart people PLAN for this and transfer their assets to their heirs, get government socialized care for the last few years of life - and die with almost nothing.
Elderly Americans have are, as a group, the most affluent Americans - and the smart ones make sure the majority of their assets are passed on BEFORE they die.