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And of course, an unintended side effect of means testing would be the removal of a whole lot of capital from our society as old people scaled back on what they earned to get under the means testing so that they could draw their SS.

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Originally Posted by Scott F
Thanks Ron. I took early at 62 and will be 66,my full retirement age in about three weeks. Income may soon go way high. A lot more than I need. Would not need SS.


Take it Scott I started mine at 60 ,up here , its a good buffer and if you sock away what you don't use now there will come a rainy day when you will need it . trust me on that if you don't need it one of your kids or wifie will, you earned it utilize it

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Originally Posted by JoeBob
And of course, an unintended side effect of means testing would be the removal of a whole lot of capital from our society as old people scaled back on what they earned to get under the means testing so that they could draw their SS.


as I said, it shouldn't event be means testing.

once I retire, if I want to work and have the ability to do so, it should have no bearing on my rights to access money I paid into a mandatory retirement plan.

Last edited by KFWA; 04/16/15.

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Originally Posted by milespatton
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It's yours. You paid into the account. Why wouldn't you take it?


I know of one man that did not deem that he needed it, so it is given to a worthwhile charity. I will not give his name, but he is a good man. miles


Spanker came through?


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Originally Posted by KFWA
Originally Posted by JoeBob
And of course, an unintended side effect of means testing would be the removal of a whole lot of capital from our society as old people scaled back on what they earned to get under the means testing so that they could draw their SS.


as I said, it shouldn't event be means testing.

once I retire, if I want to work and have the ability to do so, it should have no bearing on my rights to access money I paid into a mandatory retirement plan.


Did you miss my rant? I completely agree. Frick Christy. I don't give a schit if it fails or not. I paid my money, at least pretend to pay it back to me.

There will be a revolt in this country eventually as the productive class gets tired of being used like a cart horse for everyone else and the political class.

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Originally Posted by JoeBob
I haven't read the whole thread so forgive me if I am making a point someone else has already made. But, the only way Social Security remains viable is if everyone retains the belief that someday, no matter what, they'll get what they paid into it back to a degree. Yes, we know it might go bankrupt. Yes, we know they might raise the age. Yes, we would all rather have our money now and do other things with it. But, if you remove the idea that it is for everyone and is just for those too poor to have anything else, THEN [bleep] YOU.

It is bad enough that you are going to take my fricking money my whole life. And you know, it used to be that if you made a decent living, it would cap out. But now, it is all the way up to $117k this year before it caps out. So, most people are paying it on all their incomes. But anyway, you are going to take my money from me my whole life and deny me the opportunity to really prepare well for retirement. But, if I do manage to prepare a little so that I am not in penury in my old age, you are going to penalize me for that and steal my money? [bleep] you.

I don't care if it goes bankrupt. If you are going to turn it into nothing else but another welfare program, you can go frick yourself and I'll keep my money.


SS keeps going because .gov keeps forcing folks to pay to play.

Last edited by eyeball; 04/16/15.

The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.

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Originally Posted by 2legit2quit
Originally Posted by 4ager
It's called "means testing", and it's the only way that .gov can keep the Ponzi scheme going a little longer.


exactly and it's why I don't dare figure in SS benefits into our retirement mad

self employed have been sending in 15% of salary for the last 30 odd years for me and the missus both.

now tell me how I'm seeking an "entitlement"

thieving cocksuckas called politicians steal more from you than a guy with a ski mask and a .38 ever dreamed of!


there is a man talking that sees reality.


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Originally Posted by eyeball
Originally Posted by JoeBob
I haven't read the whole thread so forgive me if I am making a point someone else has already made. But, the only way Social Security remains viable is if everyone retains the belief that someday, no matter what, they'll get what they paid into it back to a degree. Yes, we know it might go bankrupt. Yes, we know they might raise the age. Yes, we would all rather have our money now and do other things with it. But, if you remove the idea that it is for everyone and is just for those too poor to have anything else, THEN [bleep] YOU.

It is bad enough that you are going to take my fricking money my whole life. And you know, it used to be that if you made a decent living, it would cap out. But now, it is all the way up to $117k this year before it caps out. So, most people are paying it on all their incomes. But anyway, you are going to take my money from me my whole life and deny me the opportunity to really prepare well for retirement. But, if I do manage to prepare a little so that I am not in penury in my old age, you are going to penalize me for that and steal my money? [bleep] you.

I don't care if it goes bankrupt. If you are going to turn it into nothing else but another welfare program, you can go frick yourself and I'll keep my money.


SS keeps going because .gov keeps forcing folks to pay to play.


A simple two things would completely change the balance of power with the federal government FOREVER. If there ever is an Article 5 convention these two things need to be at the top of the list:

1) Make income tax withholding illegal. All taxes will be paid quarterly or on the first Monday in November, every year; and

2) No taxes will be paid directly to the federal government. All taxes will be paid to the states and the states shall then remit the money to the Feds.

Boom, the federal government is emasculated instantly.

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There will be a revolt in this country when the workers cant afford to pay enough to keep the jerkers, or until .gov shuts off welfare and food stamps in order to cause a revolt.


The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.

If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
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Originally Posted by kennyd
I am 67, wife 68. We are not in our late 40's. Whoever thinks 60 is the new 40 ain't tried it yet. Slight cataracts, hearing going, arthritis, and on. I still work, pay in, and draw less than those ads on TV say I would have if I had just put my "pocket change" in whatever accounts. The employers sure as heck figured SS into what they paid me, and what benefits they think I need for retirement.


another man dealing with reality. I am 67, wife 77. Morning conversation starts with what hurts today. Have had cataracts, hearing is shot, arthritis, who doesn't have it. And the so on. My mother used to say old age isn't for the sissies. She was right.


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Originally Posted by JoeBob
Originally Posted by KFWA
Originally Posted by JoeBob
And of course, an unintended side effect of means testing would be the removal of a whole lot of capital from our society as old people scaled back on what they earned to get under the means testing so that they could draw their SS.


as I said, it shouldn't event be means testing.

once I retire, if I want to work and have the ability to do so, it should have no bearing on my rights to access money I paid into a mandatory retirement plan.


Did you miss my rant? I completely agree. Frick Christy. I don't give a schit if it fails or not. I paid my money, at least pretend to pay it back to me.

There will be a revolt in this country eventually as the productive class gets tired of being used like a cart horse for everyone else and the political class.


no I understand - we are on the same page


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Originally Posted by milespatton
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The one good thing is after normal retirement date, you can earn what you want, and they don't reduce the benefit, which is what happens if you take early, and earn over the proscribed amounts.


But you will pay, if you income is enough, income tax on it, so you still don't get the full amount. I should restate that, you get it but don't get to keep it. I am paying over 20% of mine and my wife's back as income tax. It varies a little from year to year but always over 20%. Now I paid income tax on this money when I earned it the first time, and it is not in an account bearing interest, it is not earned money, so I am confused as to why it is taxable. miles

miles, i don't think you paid tax on it the first time. Social security payments when working are pretax. But your point is still valid, you get X amount of benefit, but based upon other income being added in, you have to pay tax on it which ultimately reduces the benefit.
It's an income leveler by design, you shouldn't be living too well. One is well advised to look at the breakpoints on when you start paying tax on the social security, and try to rearrange other income so you fall below those trigger points.


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Originally Posted by atomchaser
I think Christie is just being honest about it. You huff and puff all you want about how much you paid in to and how it owed to you but it doesn't matter because the money was taken and spent on other things by the government. Changes need to be make to make it actuarially sound but I don't think the political will is there. I think the government will take the easy way out and just continue to print massive amounts of money and devalue the currency. You'll still get the benefit you were "promised" but it only worth a fraction of what you thought it was going to be because of inflation and a rigged COLA calculation.

another winner, seeing it for what it is.


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i heard a new one the other day. A fellow that qualifies for a canadian pension plus social security here. So his social security payment here is adjusted downward due to the canadian payment. Wonderful system isn't it?


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Social security payments when working are pretax.
I don't have an old W-2 handy, but I don't think so. I know for a fact that my retirement was not. miles


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Originally Posted by Scott F
Question, at 66 my taxable income may go up, a lot up. Can I just stop my SS? Tell them to just keep it?


You do not have to take it until you are 70.


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I think there should be a 200% tax on donuts and pasta in New Jersey and a $100 per pound overweight tax for fatasses in Jersey.


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Don't argue with stupid people, They will drag you down to their level and then win by experience
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Originally Posted by atomchaser
I think Christie is just being honest about it. You huff and puff all you want about how much you paid in to and how it owed to you but it doesn't matter because the money was taken and spent on other things by the government. Changes need to be make to make it actuarially sound but I don't think the political will is there. I think the government will take the easy way out and just continue to print massive amounts of money and devalue the currency. You'll still get the benefit you were "promised" but it only worth a fraction of what you thought it was going to be because of inflation and a rigged COLA calculation.


A while back during baby Bush's reign, the GAO ran some #'s and determined S.S. could remain solvent and continue payouts IF the minimum age were raised by 6 months every 3 to 4 yrs.


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Come on you guys! I remember Coulter at CPAC: If we don’t run Chris Christie, Romney will be the nominee — and he’ll lose.....

Is Christy your best shot in 2016?

By the way...I am stirring the pot!

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**** that fat ****!

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