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Periodic Contributor

Re: Share your fears about Social Security

1,692 Views
Message 131 of 326

We could start a lawsuit, but will be dead if it ever gets settled.  After all, we're suiing law firms and the governments that want the business.  I have been a legal secretary for over 14 years (couldn't find anything this past year) and watched my earnings decline drastically over the past 3-4 years, so I gave up!

 

It makes more sense to find something else to do.  It would surprise me if anyone in Washington will lift a finger to help.

 

Last year, I wrote to as many people in Congress and to the Department of Labor about age discrimination and never even had the courtesy of a reply.  That shows how much they care: not at all.

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Re: Share your concerns about Social Security

1,686 Views
Message 132 of 326

I have been unable to find work other than $8-9/hour jobs - more if temp with no benefits - for over a year.  I'm on something calls Old Age Pension that pays $771 per month, of which $600 per month goes to rent and utilities (not including the phone - no cable), leaving me $171 to pay for phone, car insurance, medical co-pays and everything else.  I receive $117/month for food stamps.

 

I have been working since I was 17 years old to support myself except the years I worked in the home for which I have zeros on my social security statement.  I was injured in a fall in December 2014 and am just able to work again, although there have been no follow ups on 99% of the jobs I have applied for or if I've been interviewed and tested by an agency, I rarely hear back from them.

 

Retiring at 70 is not an option.  I am hoping to keep my head above water until August when I can start early retirement at 62 and afford to be able to take a part time, low wage job and purchase health insurance through AARP, although I won't be able to afford much (whatever I can afford can't be worse than Medicaid - another discussion altogether).

 

I think it is a luxury to be able to retire at 70 given the current state of the economy.

 

 

 

 

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Re: Share your concerns about Social Security

1,683 Views
Message 133 of 326
My concern is the next generation and whether or not my children and grandchildren will be able to sustain SS benefits
while the costs will be substantially more expensive.
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Periodic Contributor

Re: Share your concerns about Social Security

1,511 Views
Message 134 of 326

It's a very bad system, over the next 2 generations it should be gradually ended. Every 5 years you should be able to roll your 401k into an annunity, You pick your own retirement age, and have a life insurane policy for your family, some people will not need this, or have to pay for it. What pisses me off the most is I cannot use a stop loss on the funds in my company 401k. If The market crashes when I'm a few years from retiring, I want a stop loss on my money. I can do it in an IRA, I can do it in a Roth, 401K's (mutual funds) are already milking the crap of you, yet you can't set a stop loss. Wall street people are just stealing money, which for some reason is leagle, I can't buy gold in my 401K, that's not availible, untill they know it's about to crash again.All polititions have been so bought and sold over so many years. That's what it took to make SSI and the 401K in the first place, We are all really screwed. I'm thinking for young people they should forget the company match and just do a Roth. I wish that's what I should have done, 

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Re: Share your fears about Social Security

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Message 135 of 326

I'm happy with SS.I have been drawing it for (10) ten years.However,I served in the militiary and as such was able to receive the G.I. bill for education expenses.Even though it took me some (12) twelve years of night school the rewards were worth the efforts expended.To have laid back and 'planned' a retirement on SS alone,would have been,and is foolish.Get off of your behind and take advantage of al of the emense opportunities that this great country offers!

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Re: Share your concerns about Social Security

1,134 Views
Message 136 of 326

For lc795...

 

Right on!!! Of those of us that have worked all or lives and had money confiscated from our checks by our "representative" government it's a slap in the face. That money in our "accounts" is OURS!! I want it ALL back. I don't want it given to people who haven't earned it. Get that money from somewhere else.

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Honored Social Butterfly

Re: Concerns about Social Security

1,091 Views
Message 137 of 326
catla2sc wrote
Why not require a pin (personal dentification number) for social security accounts?
It is required on credit cards and debit cards.
___________________________________________________________

Actually, if you are trying to check your SS account online, you do have to go through a process of identity verification and then they will issue you a PIN to periodically check your account.
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Re: Share your concerns about Social Security

1,110 Views
Message 138 of 326

@janus6990 wrote:

My friend's husband died at the age of 63, and he had accumulated Social Security. She never got any of it. Is this normal? (She was an elementary school teacher with STRS retirement. Does this mean she can't even partake of her husband's SS?) Jane Burnett


 As a widow in this situation, she is affected by the Social Security Government Pension Offset provision.

 

Here is a Social Security pamphlet on it.  (2) pages and it explains everything about the provision.

 

Social Security Administration - Government Pension Offset

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Re: Share your concerns about Social Security

1,006 Views
Message 139 of 326

My friend's husband died at the age of 63, and he had accumulated Social Security. She never got any of it. Is this normal? (She was an elementary school teacher with STRS retirement. Does this mean she can't even partake of her husband's SS?) Jane Burnett

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Re: Share your concerns about Social Security

949 Views
Message 140 of 326

My concern is the proposed $15.00/hr. min. wage being reviewed by some cities/states.  I worked from age 12 to age 65, the most I ever made was $20.00/ hr., which I earned, not legislated for.  My job required knowledge in many fields, from HVAC to grounds maint.  Now they want and un-skilled, High School drop out to be able to make a living flipping burgers.

As we all know our Social Security and retirement is based on our earnings and ability to contribute.

If this min. wage does go into affect, the cost of living WILL rise.  Are we going to be able to legislate a subsantial increase in our Social Security Benefits.  What about being able to re-negotiate the amount we were able to contribute to our 401K's and have someone "give" us the difference between what we were able to contribute and what we would have been able to contribute at $6.00-$8.00/ hr. more earnings when we were working.  Being a Viet Nam Vet who is not recognized by the VA and initiatives such as this one which could hold catastrophic results for fixed incomes, I am starting to get the feeling that the Government does not want us around any more

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