Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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I'm sooo proud of TOTV posters
See we all have common ground, irregardless of party.....
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#17
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Your Social Security contribution was about 7% of your pay. Chances are (a Johnny Mathis song?) that your lifetime benefits from Social Security will greatly out do your contributions.
I know in the case of my 20% VA disability check that it has paid me a heck of a lot more in the 40 years that I have been out of the Army than all the monthly salary checks I received during the 3 years in the Army. My mother received survivor benefit check for about 30 years from the government after my father passed away. I am sure that was more than he earned during his time as a government employee. Figure it out. If you worked for 40 years with an average salary of $35,000, you would have contributed $105,000 (at 7.5%) to FICA. You start collecting at age 62 and live until 80. That is 18 years. The first $5,800 per year is what you contributed. I read the average SS pay check is $1600 per month. That is $19,200 per year or $13,400 MORE than what was contributed. No, your Social Security benefits are far more than what you ever paid into the system! Social Security is a form of government welfare! Quit complaining about welfare until you start returning all the excess of your Social Security check. |
#18
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#19
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I have a question....
What happens to the money in the Social Security fund that is NOT distributed to its' rightful beneficiary? Case in point...my husband died at age 53 after paying into it for his whole life. All I received from Social Security was a $250 death benefit. Whip-de-do. I'm sure that there are many, many people who died whose family never saw a cent of that money. Yes, I know that survivors with young children receive it until they reach a certain age. Or that I can collect on it when I turn 62 as long as I don't remarry (which is another discussion). I wonder what the funds are in that category...any answers?
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Buffalo...Staten Island...New Jersey...The Village of Amelia! |
#20
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The whole idea of drug testing for Welfare should scare the daylights out of everyone. Am I the only one that sees that as an invasion of privacy and giving up our personal liberties? I don't do drugs and have no plans to ever do them. But I certainly don't want the taxpayers paying for a drug test. Hey, how about testing college students in order to get student loans and grants. I know, how about we test for the Homestaed Exemption (we'll check vision and alchohol for that one) or teachers and firefighters.....I'd suggest Congress, but I actually agree with that one! |
#21
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Too bad the "Lock Box" doesn't have a politician proof lock.
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KayakerNC Mt Clemens, MI Newport, NC Suffering from TV envy |
#22
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I paid Social Security contributions for the last 45yrs through a payroll tax. This paid for my parents ss. Now it is my time. I went without a lot of things. Worked two jobs of 40hr overtime sometimes, seven days a week sometimes both. I got layed-off sometimes, so I took anything I could find even at a lot less pay than what I had been making.
My son went to college. When he left 911 happened so he enlisted. He makes about 45K a yr with BAH and has to pay taxes on it He has a wife and two childen. If he was on welfare, he would get housing paid for. Food card so that is paid for. He does not get that. Utilites like oil heat and electric they don't pay him for that.They give a cell phoneto welfare recipients too. He dose not get that. And in most cases they get 15K or more for spending money. He does not get that. Clothing allowance for Kids - He does not get that. He is drug tested, if he test positive he gets housing in Levenworth. Alcohol - 3 beers in one 24hr time he will lose good conduct and a pay raise and could be kicked out.His Wife can not work a regular job becase he can be called on duty anytime and has to go. He can be relocated anywere at anytime they want him too. Sometimes he will joke that welfare might be a raise in his economic ladder. Most of our service members live like this and noone worries about their feeling or self-esteem. Military families are providing us with a service. Why should welfare famlies live better than the military families? Something is VERY wrong with this picture! God Bless are military members and their families. Jim
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Kim & Jim N. Reading, MA; Hampstead, NH; last stop SummerChase Cottages,TV! Last edited by kandj; 02-22-2012 at 10:07 AM. Reason: spelling |
#23
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CeeJay,
Are you sure you were not entitled to any Social Security at the time of your husband's passing away and you have to wait until you are 62? One of my friends was killed in a store robbery many years ago. His two sons (6 and 8) were paid monthly benefits until they got to college. His widow found a boyfriend and has continued living with him for about 27 years now - never married. I don't know if this was soley because SS benefits would stop for the boys if she remarried or if she was also getting SS benefits. I know several people here in The Villages living together but not married for reasons of alimony, pensions, or Social Security benefits. |
#24
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Widow's benefits start at age 60 is what I recollect.
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#25
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By law Social Security must be actuarially sound. They can not borrow money. Hence, in recognition of the impending Boomer Bubble, excess contributions were collected and the system is set to pay full benefits for about the next 30 years. Sadly, most of us will no longer be around at that point. To your point, some of us may not need the full benefit and maybe it should be limited or completely eliminated. My classic example is Ronald Reagan. When he took office at age 70, he reach max benefit and his checks automatically arrived at the White House every month. Clearly, he was entitled, since he paid the premiums all those years. But, maybe there's a better way. |
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