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Valued Social Butterfly
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Re: Share your concerns about Social Security

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Message 51 of 320

Relax.   Despite what you may have heard the Sky Is Not Falling.

 

Read this and you will no doubt sleep better tonite. 

 

http://www.snopes.com/social-security-changes-may-2016/

 

(Hope you were not one of the ones mentioned who shelled out good money for fake and alarmist "newsletters" to protect yourself from the Coming "Financial Ruin"  ) 

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Re: Share your concerns about Social Security

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Message 52 of 320
Can anyone break down and explain the changes for 2016 that Congress passed and will be effective May 1st? It's very confusing. Does anyone understand this help? How does it affect a person at age 65? How does it affect a person at 866? How does it affect people on SSDI? Will our benefits drop?
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Re: Share your concerns about Social Security

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Message 53 of 320
It is the congress who is at fault, they can't get any business done as they are too busy blocking everything. I do not blame it on the President, he only signs the bills, not makes them.
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Re: Share your concerns about Social Security

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Message 54 of 320

donpatters wrote:

NO COLA FOR THE THIRD TIME DURING THE PRESIDENCY OF THE ONE WHO IS SITTING IN THE OVAL OFFICE NOW - WITH HIS FEET UP ON OUR DESK !!   Vote very carefully in November, Seniors !


   The president has nothing to do with the COLA. Please be very carefully informed, seniors.


"...Why is everyone a victim? Take personal responsibility for your life..."
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Re: Share your concerns about Social Security

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Message 55 of 320

NO COLA FOR THE THIRD TIME DURING THE PRESIDENCY OF THE ONE WHO IS SITTING IN THE OVAL OFFICE NOW - WITH HIS FEET UP ON OUR DESK !!   Vote very carefully in November, Seniors !

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Re: Share your fears about Social Security

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Message 56 of 320

ds11972849 wrote:

"...I heard some money saving loopholes will be closed at the end of this April in social securiy that could get seniors more money and benefits.I wonder if this is true and if I'm eligible....".


  Here's a link:   Your Money: The End of Social Security Loopholes: What ...


"...Why is everyone a victim? Take personal responsibility for your life..."
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Re: Share your fears about Social Security

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Message 57 of 320

I heard some money saving loopholes will be closed at the end of this April in social securiy that could get seniors more money and benefits.I wonder if this is true and if I'm eligible.

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Re: Share your concerns about Social Security

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Message 58 of 320

Are you under age 60? 

 

If you are age 60 or older,  you can re-marry,  and not lose your survivor's benefits from your deceased spouse.

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Re: Share your concerns about Social Security

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Message 59 of 320
If I get married would I loose my survival benefits
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Re: Share your fears about Social Security

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Message 60 of 320

It really irritates me when I hear these idiots in Congress say " raise social security taxes." That is the WRONG ANSWER. The CORRECT answer is "REMOVE THE CAP ON THE WAGES!!!"

   For instance, Michael Bloomberg made approximately $4 billion in each of these years: 2009, 2010, 2011, and 2012. But guess what, he only paid approximately $8400.00 in social security taxes each of these four years, due to the wage cap of approximately $123,000.00. This info on Bloomberg came from Forbes magazine in 2013. Now, if the wage cap was removed, he would have paid $286 million(7% of his income) per year into the Social Security Fund, leaving him $372 billion each of these four years. The Social Security percentage that Bloomberg paid on his yearly income was approximately 0.00021%.

   If the wage cap was removed, I don't think Social Security would ever go broke!!! Remember, President Linden Baines Johnson took all of the Social Security money out of its separate fund in 1964 and put it into the General Fund. That is another reason why Social Security is in dire straits.

  I urge all voters to write and/or call your Senators and Representatives to remove the Social Security cap on wages, NOT raise Social Security taxes. Also remember that Congress does not pay into Social Security. Also remember that when Senators and Representatives retire, they still get their salary of approximately $173,000.00 per year!!

   Maybe some economist could calculate how much money would go into the Social Security fund if the wage cap was removed on a yearly basis, based on all current wages. ALL Social Security money should be put back into its own separate fund, so it is not accessible to Congress!!!

 

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