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Re: Loan against SS [Re: AntiGov] #6870269
05/12/20 02:50 PM
05/12/20 02:50 PM
Joined: Mar 2007
Posts: 35,127
McGrath, AK
W
white17 Online content OP

"General (Mr.Sunshine) Washington"
white17  Online Content OP

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,127
McGrath, AK
Originally Posted by AntiGov


Yes I believe we are on the same page . So take five grand now in trade for delaying your eventual start date by three months ?


Right !


Mean As Nails
Re: Loan against SS [Re: white17] #6870270
05/12/20 02:52 PM
05/12/20 02:52 PM
Joined: Jan 2018
Posts: 4,526
MN
D
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper
D

Joined: Jan 2018
Posts: 4,526
MN
I would love this, for $5,000 (plus a bit of savings) I can buy a new/used stump grinder and expand my services, the profits from that invested into even a conservative retirement account would out pace my SS benefits by leaps and bounds.

Re: Loan against SS [Re: white17] #6870366
05/12/20 04:41 PM
05/12/20 04:41 PM
Joined: Dec 2006
Posts: 6,172
10714 Apple road Carthage,Mo6...
C
Cletis Richards Offline
trapper
Cletis Richards  Offline
trapper
C

Joined: Dec 2006
Posts: 6,172
10714 Apple road Carthage,Mo6...
In the past they borrowed SSI and used it on the moon shot.....I vote not to open that pandora's box again.....and maybe they would not mind repaying that unpaid loan


Appleroad Predator Bait

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Re: Loan against SS [Re: white17] #6870375
05/12/20 04:46 PM
05/12/20 04:46 PM
Joined: Mar 2012
Posts: 145
Nw Pa.
O
Outbackbob48 Offline
trapper
Outbackbob48  Offline
trapper
O

Joined: Mar 2012
Posts: 145
Nw Pa.
They borrowed from SS to keep the Vietnam war going and never paid it back. Bob

Re: Loan against SS [Re: white17] #6870389
05/12/20 04:59 PM
05/12/20 04:59 PM
Joined: Aug 2016
Posts: 958
eastern washington
B
BillyTraps Offline
trapper
BillyTraps  Offline
trapper
B

Joined: Aug 2016
Posts: 958
eastern washington
Take the money buy guns, high capacity mags and ammo....

Re: Loan against SS [Re: white17] #6870400
05/12/20 05:05 PM
05/12/20 05:05 PM
Joined: Jan 2007
Posts: 150
SW Idaho
Y
yousowise Offline
trapper
yousowise  Offline
trapper
Y

Joined: Jan 2007
Posts: 150
SW Idaho
I’m 41, they can keep everything I’ve put in already if I can get out of paying going forward. SS is just a big Ponzi scheme except most don’t get back what they’ve put in, especially true when you consider all the growth you are missing if it was invested.

Re: Loan against SS [Re: white17] #6870404
05/12/20 05:07 PM
05/12/20 05:07 PM
Joined: Dec 2006
Posts: 2,457
ny
G
gcs Offline
trapper
gcs  Offline
trapper
G

Joined: Dec 2006
Posts: 2,457
ny
Wait, what?, I can delay getting SS for 3 months and collect $5000?
whats the catch?

Re: Loan against SS [Re: white17] #6870418
05/12/20 05:21 PM
05/12/20 05:21 PM
Joined: May 2009
Posts: 15,526
Champaign County, Ohio.
K
KeithC Online content
trapper
KeithC  Online Content
trapper
K

Joined: May 2009
Posts: 15,526
Champaign County, Ohio.
I would take the $5000.00 now in a heartbeat.

Keith

Re: Loan against SS [Re: yousowise] #6870419
05/12/20 05:21 PM
05/12/20 05:21 PM
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
Originally Posted by yousowise
I’m 41, they can keep everything I’ve put in already if I can get out of paying going forward. SS is just a big Ponzi scheme except most don’t get back what they’ve put in, especially true when you consider all the growth you are missing if it was invested.

Especially if they die when they're 64. I have to be 66 yr 6 mo for full "benefits". You young bucks will have to work until you're 90 to get full "benefits"


Life ain't supposed to be easy.
Re: Loan against SS [Re: Gary Benson] #6870489
05/12/20 05:37 PM
05/12/20 05:37 PM
Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
Payday loans at the federal government level?

Bryce

Re: Loan against SS [Re: danvee] #6870547
05/12/20 05:55 PM
05/12/20 05:55 PM
Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
Originally Posted by danvee
They need to get rid of the Social Security program bad Idea from the start and gets worse every year.


They can keep every dime I’ve paid in if they don’t take another.


-Goofy-
Re: Loan against SS [Re: Gary Benson] #6870613
05/12/20 07:33 PM
05/12/20 07:33 PM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
trapper
danvee  Offline
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
Hey its an opinion Gary just like a lot of other opinions on here. If you want to try to cyber bully go to a grade school chat room it might work. Social Security program was the first step to socialism and a big step in having to rely on uncle sugar. Look at the amount of money you put in the and what you will get out and what it could do in the stock market or owning real estate. It was a bad program and should be phased out just my opinion.

Re: Loan against SS [Re: danvee] #6870615
05/12/20 07:35 PM
05/12/20 07:35 PM
Joined: Jan 2014
Posts: 17,692
Central Oregon
AntiGov Offline
trapper
AntiGov  Offline
trapper

Joined: Jan 2014
Posts: 17,692
Central Oregon
Originally Posted by danvee
Hey its an opinion Gary just like a lot of other opinions on here. If you want to try to cyber bully go to a grade school chat room it might work. Social Security program was the first step to socialism and a big step in having to rely on uncle sugar. Look at the amount of money you put in the and what you will get out and what it could do in the stock market or owning real estate. It was a bad program and should be phased out just my opinion.



I agree


Report a post club - Non member


Re: Loan against SS [Re: white17] #6870616
05/12/20 07:37 PM
05/12/20 07:37 PM
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
But how ya gonna take care of all the illegals then?


Life ain't supposed to be easy.
Re: Loan against SS [Re: white17] #6870622
05/12/20 07:41 PM
05/12/20 07:41 PM
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
I agree, by the way. If a person can't take care of themselves too bad.. That'll never happen though. The Liberals won't stand for it.


Life ain't supposed to be easy.
Re: Loan against SS [Re: white17] #6870675
05/12/20 08:19 PM
05/12/20 08:19 PM
Joined: Mar 2019
Posts: 1,497
Southern NJ
maintenanceguy Offline
trapper
maintenanceguy  Offline
trapper

Joined: Mar 2019
Posts: 1,497
Southern NJ
I'd sign up and do it right now! The plan is that you borrow $5,000 from the government at a "specified and favorable government interest rate". You then repay the loan with your first few social security payments. They're also saying the loan will be paid within the first 3 months of SS payments.

I'm assuming the favorable interest rate will be in the low single digits. I'll invest it and make 10% - 12% over the next 17 years. I'll take the $27,000 - $38,000 I made on the $5,000 and live on it for 3 months until SS kicks in.

Last edited by maintenanceguy; 05/12/20 08:22 PM.

-Ryan
Re: Loan against SS [Re: maintenanceguy] #6870705
05/12/20 08:44 PM
05/12/20 08:44 PM
Joined: Dec 2006
Posts: 41,592
Northern Maine
Bruce T Offline
trapper
Bruce T  Offline
trapper

Joined: Dec 2006
Posts: 41,592
Northern Maine
Originally Posted by maintenanceguy
I'd sign up and do it right now! The plan is that you borrow $5,000 from the government at a "specified and favorable government interest rate". You then repay the loan with your first few social security payments. They're also saying the loan will be paid within the first 3 months of SS payments.

I'm assuming the favorable interest rate will be in the low single digits. I'll invest it and make 10% - 12% over the next 17 years. I'll take the $27,000 - $38,000 I made on the $5,000 and live on it for 3 months until SS kicks in.

Trouble is when you retire you will have no income coming in for 3 months.


Nevada bound
Re: Loan against SS [Re: SNIPERBBB] #6870724
05/12/20 08:54 PM
05/12/20 08:54 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Originally Posted by SNIPERB🦝
I just wonder what that would do to the SS fund. If all 30m+ that are unemployment take that 5k option that's 1.5 Trillion gone.


More like 150 billion.

Ken, the "proposal" is a terrible idea. Just another gimmick that will make the dollar in our pockets worth less.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Loan against SS [Re: white17] #6870727
05/12/20 08:56 PM
05/12/20 08:56 PM
Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,536
Sandhills Nebraska
And make everyone more dependent on the Gubmint.


Life ain't supposed to be easy.
Re: Loan against SS [Re: AntiGov] #6870896
05/12/20 10:56 PM
05/12/20 10:56 PM
Joined: Mar 2007
Posts: 35,127
McGrath, AK
W
white17 Online content OP

"General (Mr.Sunshine) Washington"
white17  Online Content OP

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,127
McGrath, AK
Originally Posted by AntiGov
Originally Posted by danvee
Hey its an opinion Gary just like a lot of other opinions on here. If you want to try to cyber bully go to a grade school chat room it might work. Social Security program was the first step to socialism and a big step in having to rely on uncle sugar. Look at the amount of money you put in the and what you will get out and what it could do in the stock market or owning real estate. It was a bad program and should be phased out just my opinion.



I agree



Me too


Mean As Nails
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