Social Security: "Here It Comes"

The Market Ticker ^ | 3-15-10 | Karl Denninger

[count-your-change]

Makes you wonder how you could be such problem and be called a greedy burden.

[Eric in the Ozarks]

I feel so ashamed.

[Soothesayer9]

"They will gradually raise the age for full benefits from 65 to 70 and reduced benefits from 62 to 67 and lift the cap on income for taxing for SS.

I predict a coming renaissance in ingeniously hiding income from Big Govt within 20 years. People will not permit 50% of their income being taken by tyrants.

[count-your-change]

Since you'll be getting no COLAs for two years (will your cost of living remain static?) you can hold your head high as you've made enough sacrifice. Cheers!

[Eric in the Ozarks]

I thought I should probably file early since the entire program is likely to be scrambled in the next few years. All my investments are liquidated and my 401 Ks have moved out of stocks and into conservative bonds throwing off +/- 5 percent interest.

With the wonderful check from SS, an occasional brokerage deal (kept under the $14,160 limit) I can do OK.

I have a couple of books backed up in mind to write and I like to get up early.