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Contributor

Re: Are they going to keep the freeze on Social Security for 2012??????

1,024 Views
Message 171 of 326

The problem is that COLA idgnors two essential cosrt factors, food and fuel.  For the purpose of providing Senior Citizens whgo are primarily on Social Secrity, increasses in food costs and fuel costs can present a hardship or put thim into the difficult position of having toask for financial assistance.  The COLA for Social Security calculation should be dynamically recalculated each qukarter and thke Social Security Payments adjusted accordingly.

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Periodic Contributor

Re: Share your concerns about Social Security

1,007 Views
Message 172 of 326

I'm not overly concerned about the system itself; I understand it is self-funding.  Working people pay the SS tax to keep the fund alive.  I think a concern of mine is if the younger people will not be able to find jobs that allow them to pay the SS taxes.

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Regular Social Butterfly

Re: Share your concerns about Social Security

1,030 Views
Message 173 of 326

Wifey asking too many questions,  eh.   Getting ideas?  

 

Here's a remedy for that.   Tell her that you have many,  many beautiful,  investment=grade Diamonds,  the most flawless,  perfect,  amazing gems that you have bought for her.  

 

Then just say that on the advice of,  er,  aarp message boards,  you put them within an IRA for the favorable tax treatment while they appreciate in value to an astounding amount.  

 

Uh oh   Better not make any jokes around here.  Over in that other thread I referenced for the poster here,  the box office is setting  records.  Went thru the roof.  Before the poster put up her new post tonite in that thread,  the views for the previous post had hit like close to 2,400.  And that post wasn't really stale,  fairly recent.    

 

Unless it is a malfunction in the count clicker  here  -  always a possibility with the site screwups here    =  that is pretty amazing to me so many people eating this stuff up. 

 

WhaddaYou  make of it.......??????

 

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Honored Social Butterfly

Re: Share your concerns about Social Security

1,014 Views
Message 174 of 326

"... Also,  if your husband lavishes you with expensive gifts,  diamonds,  furs,  Rolex  -  no matter,  it is not "income",   soc. sec.  doesn't care.  As long as he didn't acquire the money for the diamonds and furs by concealing income....".

   Hey, DW sometimes looks at these postings. You're a bad influence! 


"...Why is everyone a victim? Take personal responsibility for your life..."
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Regular Social Butterfly

Re: Share your concerns about Social Security

1,059 Views
Message 175 of 326

) If I take benefits at 62 and switch to spousal benefits (my husband) at 66, can I resume my benefits at 70?

 

   Answered over in the other thread. 

 

2) If I take benefits at 62 and I have no income, will I still be penalized if my husband makes over the allotted amount?

 

    Never.    Soc Sec. is not like food stamps.  Or TCA.  It doesn't go by household income.  Only the beneficiary is subject to the rules of the earnings limits;   not other members of the same household,  so no worries there  you cannot be penalized.  Also,  if your husband lavishes you with expensive gifts,  diamonds,  furs,  Rolex  -  no matter,  it is not "income",   soc. sec.  doesn't care.  As long as he didn't acquire the money for the diamonds and furs by concealing income,  lol  

 

Thanks in advance.

 

You're entirely welcome !

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Periodic Contributor

Re: Share your concerns about Social Security

1,045 Views
Message 176 of 326

I'm just confused about when to take benefits and what are the penalties for taking it early. I have two questions:

 

1) If I take benefits at 62 and switch to spousal benefits (my husband) at 66, can I resume my benefits at 70?

 

2) If I take benefits at 62 and I have no income, will I still be penalized if my husband makes over the allotted amount?

 

Thanks in advance.

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Newbie

Re: Share your concerns about Social Security

946 Views
Message 177 of 326

1. The fact that this is dated a couple of years ago says no one will read this. 

2. Disability is being decided on 1960s definitions.   Todays long term problems that disable people are things like Migraine and chronic headache that stops you from working for most of the year.  Yet is not recognized.   Lyme disease gives many disableing problems yet they are not considered.

3. They only recognize something broken and cannot be fixed for disability.  They are now being fixed. 

 

It makes no sense now if you read this in a few years you might understand our frustrations.

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Contributor

Re: Share your fears about Social Security

954 Views
Message 178 of 326
Social Security benefits are based on your top 35 years of inflation adjusted income. If you work in retirement replaces a lower earning year, your benefits will be adjusted to reflect your higher earnings record. However, it can take up to two years for the SSA to receive and process your tax returns, so the process can take awhile. Visit http://www.aarp.org/work/social-security/question-and-answer/?ssfaq=work for more information.
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Regular Social Butterfly

Re: Share your fears about Social Security

958 Views
Message 179 of 326

@judyz68 wrote:
It will only increase if your annual pay increases above the highest income year that your current benefit is now based on. So, if your highest wage was $50K per year and you're now earning more then that, you should get a benefit adjustment, not to be confused with the annual cost of living increases. Otherwise, you are set for life, which is why I did not start drawing at 62 but waited.

When SS evaluates your annual incomes for the years that you worked, they adjust for inflation.  In my case, my highest income year was 1968!

~~~
Start every day with a smile and get it over with.
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Contributor

Re: Share your fears about Social Security

973 Views
Message 180 of 326
It will only increase if your annual pay increases above the highest income year that your current benefit is now based on. So, if your highest wage was $50K per year and you're now earning more then that, you should get a benefit adjustment, not to be confused with the annual cost of living increases. Otherwise, you are set for life, which is why I did not start drawing at 62 but waited.
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