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Joined: Jan 2006
Posts: 2,998 Likes: 3
Campfire Regular
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Campfire Regular
Joined: Jan 2006
Posts: 2,998 Likes: 3 |
So, it's selfish to desire to get back money you have paid involuntarily that our govt has consistently said was really paid for our own personal account? Where is the selfishness in that young feller? I retired 3 years ago, and I'll be 60 in a coupla weeks. LIke many here, I have paid the max in SS for the majority of my working career. And since I don't see SS surviving in its present form for much longer, yeah, I want my money back, and I'm gonna start drawing as soon as I legally can, at 62. My wife has had a similar career as mine, and she'll start drawing the first month she's eligible. I'll let your most insensitive comment slide, cause you are obviously young and don't understand how we older workers feel about this.
"Blessed is the man whose wife is his best friend - especially if she likes to HUNT!"
"Love the Lord your God with all your heart, soul, mind and strength, and love your neighbor as yourself. There is no commandment greater than these."
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Joined: Nov 2013
Posts: 28,879 Likes: 13
Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 28,879 Likes: 13 |
I'll dang sure try to get mine back, especially for the many years I was paying 'both sides' of it at 15% being self employed.
That and that fuggin 'medicare tax' too.
I didn't have "mr mcghee" from the chicken plucker plant send in 7.5 % for me. All part of the compensation my employers agreed to when they hired me: hourly pay+SS+health insurance+paid leave+pension+life insurance+full health insurance for me and my wife after retirement. They got their money's worth while I worked and I'm getting what they agreed to in exchange. You went another way it seems. I hope that's working out as well for you as what I did is for me.
What fresh Hell is this?
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Joined: Aug 2015
Posts: 13,258 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2015
Posts: 13,258 Likes: 2 |
I'll dang sure try to get mine back, especially for the many years I was paying 'both sides' of it at 15% being self employed.
That and that fuggin 'medicare tax' too.
I didn't have "mr mcghee" from the chicken plucker plant send in 7.5 % for me. My thoughts exactly. I paid both sides for the 13 years I was self employed. Then to ice the cake l had my SS benefit knocked down 50% because I receive a government pension. Pay double and receive half, yeah that seems fair.
Let's Go Brandon! FJB
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Joined: Dec 2006
Posts: 114
Campfire Member
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Campfire Member
Joined: Dec 2006
Posts: 114 |
Just signed up for ss friday. Start collecting in november. I'm a boomer that paid in since 18 so 44 years. I think I earned it!!
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Joined: Jan 2012
Posts: 26,577 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,577 Likes: 3 |
At 55 I've been paying in for over 40 years[near 30 I've been self employed so paying all of mine and 1/2+ of employees]. There best be some crumbs left 6 years from now....
FJB & FJT
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Joined: May 2016
Posts: 60,649 Likes: 37
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,649 Likes: 37 |
Out of our 4 trillion federal budget, only 3 trillion is funded. That's means we borrow 25%
1.3 trillion is SS and Medicare 1 trillion goes to wellfare, food stamps, section 8 housing, etc. 700 billion on defense 250 billion interest payments
Getting rid of welfare would fix our budget. Hahaha! It would sure as hell wreck mine!
I am MAGA.
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Joined: Jun 2012
Posts: 4,774
Campfire Tracker
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Campfire Tracker
Joined: Jun 2012
Posts: 4,774 |
I wish I had been able to deposit 7.5% more my entire working life. Oh, what a pile of dough that would have been. If I claim at 66 and live to be 110, I'll still be disappointed I had to pay SS.
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Joined: Oct 2005
Posts: 362
Campfire Member
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Campfire Member
Joined: Oct 2005
Posts: 362 |
I've about decided the best idea would be to refund everybody what they have put in, minus what they have received, and then trash ss. It would cripple the government for a bit, but it would help get rid of the parasites who are milking the system. It's nuts to pay a dollar in the 60's that worth what, a dime today?
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
Somebody needs to pay for her 15 kids, lets start a go fund the .......... with 15 kids go fund me page. We can start collecting money for her on the campfire. How much could we collect to help her out?? make da baby-daddies pay for 'em
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Joined: Nov 2017
Posts: 1,188
Campfire Regular
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Campfire Regular
Joined: Nov 2017
Posts: 1,188 |
I'm 60 and have been paying in for about 40+ years. What are the differences between collecting at 62 vs. 66?
The lack of planning on your part does not constitute an emergency on my part!
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Joined: Dec 2008
Posts: 8,324 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,324 Likes: 1 |
I think there are two options as we steam into the cliff
1.. Go bankrupt and start over. Admit there is no way to make socialism work. 2. Inflation, and devaluation ... print more money ... postpone bankruptcy for a decade .. then go bankrupt anyway, start over. Admit there is no way to make socialism work.
These a real decisions that will be made in the next 15-20 years if you do the math and use a polynomial trendline to take into account the surge of boomers hitting medicare and SS over the next 10 years. I think it's going to get uglier faster than most predict. But I'm just an idiot redneck in MT so what do I know.
"Life is tough, even tougher if your stupid" John Wayne
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Joined: Nov 2008
Posts: 8,696 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2008
Posts: 8,696 Likes: 1 |
I'm 60 and have been paying in for about 40+ years. What are the differences between collecting at 62 vs. 66? Go to this link, create an account and SSA will tell you the difference. They will break down the payments by year from 62 to full retirement. https://www.ssa.gov/
Swifty
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Joined: Jun 2007
Posts: 21,968
Campfire Ranger
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Campfire Ranger
Joined: Jun 2007
Posts: 21,968 |
So, it's selfish to desire to get back money you have paid involuntarily that our govt has consistently said was really paid for our own personal account? Where is the selfishness in that young feller? I retired 3 years ago, and I'll be 60 in a coupla weeks. LIke many here, I have paid the max in SS for the majority of my working career. And since I don't see SS surviving in its present form for much longer, yeah, I want my money back, and I'm gonna start drawing as soon as I legally can, at 62. My wife has had a similar career as mine, and she'll start drawing the first month she's eligible. I'll let your most insensitive comment slide, cause you are obviously young and don't understand how we older workers feel about this. No, I totally understand. You invested in junk bonds and I get to pay for it. The majority of your generation kicked the can down the road on numerous occasions, now you want paid for your "investment". The last go around was the Bush II era, where it was defeated on the premises of needing every last cent for the boomers; it's too risky. It's like abortion: everyone against it is alive.... No worries, human nature.
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
I'm 60 and have been paying in for about 40+ years. What are the differences between collecting at 62 vs. 66? Check out this . . . https://www.ssa.gov/planners/retire/retirechart.html
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Joined: Jun 2007
Posts: 21,968
Campfire Ranger
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Campfire Ranger
Joined: Jun 2007
Posts: 21,968 |
I wish I had been able to deposit 7.5% more my entire working life. Oh, what a pile of dough that would have been. If I claim at 66 and live to be 110, I'll still be disappointed I had to pay SS. No kidding....
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Joined: Nov 2007
Posts: 6,964
Campfire Tracker
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Campfire Tracker
Joined: Nov 2007
Posts: 6,964 |
So, it's selfish to desire to get back money you have paid involuntarily that our govt has consistently said was really paid for our own personal account? Where is the selfishness in that young feller? I retired 3 years ago, and I'll be 60 in a coupla weeks. LIke many here, I have paid the max in SS for the majority of my working career. And since I don't see SS surviving in its present form for much longer, yeah, I want my money back, and I'm gonna start drawing as soon as I legally can, at 62. My wife has had a similar career as mine, and she'll start drawing the first month she's eligible. I'll let your most insensitive comment slide, cause you are obviously young and don't understand how we older workers feel about this. No, I totally understand. You invested in junk bonds and I get to pay for it. The majority of your generation kicked the can down the road on numerous occasions, now you want paid for your "investment". The last go around was the Bush II era, where it was defeated on the premises of needing every last cent for the boomers; it's too risky. It's like abortion: everyone against it is alive.... No worries, human nature. I had no choice in whether or not I had to pay into SS. If there had been an opt out choice I would have done it. You're bitching up the wrong tree here you whiney azz dink. Now get out there tomorrow and help fund my next month's SS check and stop bitching.
Mark
NRA Life Member Anytime anyone kicks cancers azz is a good day!
~Molɔ̀ːn Labé Skýla~
Oh The Drama!
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Joined: May 2012
Posts: 1,224 Likes: 1
Campfire Regular
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Campfire Regular
Joined: May 2012
Posts: 1,224 Likes: 1 |
People look at it wrong due to the wording used to encourage you to delay receiving benefits. You are not receiving reduced benefits at 62, your just not receiving larger benefits by delaying payment till 67 or later. It's their way of delaying payments hoping you will die and receive very little of what your entitled too. It takes at least 11 years to break even which means one has to live to 78 to start seeing any benefit of the higher payments. This assumes you don't invest any of the SS payments. If you do that, it takes even longer. You also cannot pass on SS benefits. You die, its gone. If you have money of your own and don't plan on working after 62, I think it's clear that drawing as soon as possible is the way to go. I realize other circumstances may differ.
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Joined: Mar 2001
Posts: 12,159
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2001
Posts: 12,159 |
You invested in junk bonds and I get to pay for it.
Correction. Junk bonds were bought in his name with money taken from him with a gun to his head. I'm 50 and if I could opt out today with the government keeping every penny I've paid in so far I'd do it, just stop taking my money for the rest of my career. It's pretty unfair to question someone's conservative credentials for wanting back money that was taken from them at gunpoint. If they'd had a choice in the matter it would be different.
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Joined: Jan 2012
Posts: 67,306 Likes: 47
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,306 Likes: 47 |
Anyone remember when Homer Simpson was going to gain 400lbs so he could go on SS disability? He was wearing a muu-muu and chit.
hahahaha
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Joined: Jan 2017
Posts: 216
Campfire Member
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Campfire Member
Joined: Jan 2017
Posts: 216 |
I'm 41, don't plan on working a day past 55. If it's there when I'm 62 I'll take it because I've paid into the system, involuntarily, for 40 years. I'm not basing my retirement plans on that clusterphuq
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