Re: Soacil security question
[Re: coonman220]
#7370431
10/03/21 04:05 PM
10/03/21 04:05 PM
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Joined: Feb 2021
Posts: 2,517 Interior Alaska
Oh Snap
trapper
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trapper
Joined: Feb 2021
Posts: 2,517
Interior Alaska
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Social security is a percent of dollars paid when you get paid. No matter when earned, weekly, semi monthly or monthly!
I love the smell of burning spruce---I love the sound of a spring time goose---I love the feel of 40 below---from my trapline I will never go!
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Re: Soacil security question
[Re: coonman220]
#7370531
10/03/21 06:39 PM
10/03/21 06:39 PM
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Joined: Dec 2020
Posts: 2,165 Wisconsin
Scott__aR
trapper
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trapper
Joined: Dec 2020
Posts: 2,165
Wisconsin
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So I didn't even think this , think of pay by week at job an forget every 3 Rd month has 5 Fridays in it , 13 weeks in 3 months, so u pay monthly from ss an loose out in week , bad thing to partially retire early at 62 but I had it with ppl at work at jobs an plan on it less 10 months Or you're getting paid extra ( overtime) for 9 weeks every 3 months. SS is based on yearly income. SS benefit is an annual benefit payed monthly ( annual benefit ÷ 12 = monthly benefit ).
Megapredator ... top of the food chain! Member of WTA Member of U.P. Trappers Member of NTA Member of FTA
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Re: Soacil security question
[Re: coonman220]
#7370532
10/03/21 06:42 PM
10/03/21 06:42 PM
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J Staton
Unregistered
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J Staton
Unregistered
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I think it's due to become bankrupt about the time I'm eligible.
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Re: Soacil security question
[Re: ]
#7370540
10/03/21 06:56 PM
10/03/21 06:56 PM
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Joined: Feb 2021
Posts: 2,020 Wisconsin
Mad Scientist
trapper
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trapper
Joined: Feb 2021
Posts: 2,020
Wisconsin
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I think it's due to become bankrupt about the time I'm eligible. Can’t they just print more money like they do for everything else?
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Re: Soacil security question
[Re: coonman220]
#7370589
10/03/21 07:53 PM
10/03/21 07:53 PM
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bleeohio
Unregistered
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bleeohio
Unregistered
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Soacil scurity is vital to keepin the vechile runnin..
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Re: Soacil security question
[Re: ]
#7370620
10/03/21 08:26 PM
10/03/21 08:26 PM
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Joined: Dec 2006
Posts: 17,379 Coeur d' Alene, Idaho
James
"Minka"
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"Minka"
Joined: Dec 2006
Posts: 17,379
Coeur d' Alene, Idaho
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I think it's due to become bankrupt about the time I'm eligible. That's what I used to say thirty years ago. I was wrong. Re-read what Charles wrote. He's right, as usual. Jim
Forum Infidel since 2001
"And that troll bs is something triggered snowflakes say when they dont like what someone posts." - Boco
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Re: Soacil security question
[Re: coonman220]
#7370654
10/03/21 08:55 PM
10/03/21 08:55 PM
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Joined: May 2010
Posts: 11,252 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 11,252
MN
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Nobody was predicting that SS would go broke in the fiscal year 1990, maybe you did and if you did you weren't paying attention. Projections at that time were that the money would run out about 2040 or 50. Now it's down to 2034 before it's underfunded.
My biggest hope is you and Charles live long enough to see what's coming. There is about 170 trillion dollars worth of unfunded promises that have been made that our kids, grandkids and grandchildren will have to pay. Remember that those are today's dollars, not tomorrow's inflated dollars.
I agree that the two sacred cows will be bailed out, it's unfortunate.
"Gold is money, everything else is just credit" JP Morgan
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Re: Soacil security question
[Re: Pike River]
#7370657
10/03/21 08:56 PM
10/03/21 08:56 PM
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Joined: May 2010
Posts: 11,252 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 11,252
MN
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Not likely ever get back what pay into it You'll probably receive much more than what you paid into it. Yes, much, much more.
"Gold is money, everything else is just credit" JP Morgan
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Re: Soacil security question
[Re: coonman220]
#7371014
10/04/21 11:09 AM
10/04/21 11:09 AM
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Joined: Dec 2006
Posts: 12,768 Oregon
beaverpeeler
trapper
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trapper
Joined: Dec 2006
Posts: 12,768
Oregon
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I recently figured out that I'll get back everything I contributed (self employed) within 3.5 years. (If I don't croak first).
My fear of moving stairs is escalating!
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Re: Soacil security question
[Re: coonman220]
#7371046
10/04/21 11:36 AM
10/04/21 11:36 AM
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Joined: Feb 2010
Posts: 20,836 pa
hippie
trapper
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trapper
Joined: Feb 2010
Posts: 20,836
pa
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So I didn't even think this , think of pay by week at job an forget every 3 Rd month has 5 Fridays in it , 13 weeks in 3 months, so u pay monthly from ss an loose out in week , bad thing to partially retire early at 62 but I had it with ppl at work at jobs an plan on it less 10 months You will get 12 equal payments, minus Medicare once that kicks in. I recommend again for you to figure what it takes for you to live a year on, and if what your going to get if you retire early doesn't cover it, keep on working until you can draw enough that it does.
There comes a point liberalism has gone too far, we're past that point.
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