Tag: Social Security

Other Things, Philosophy & ReligionLeave a comment

People of Faith For Resistance..

RJ Walters

There seems to be many opportunities cropping up on this first day of a new administration for resistance to draconian change they intend for our democracy in the upcoming years. I am particularly happy to see Christians in this mode. No, not all Christians are among the 81% of Evangelicals who pushed the current administration in office.  In reality they are a small percentage of that community. One of those orgs on the forefront of resistance is Sojourners.  Here are some words in a recent email from them. The GOP plans for a juggernaut of action very quickly to gut many … Continue reading People of Faith For Resistance..

Having My SayLeave a comment

Fear # 4 – Social Security Will Disappear

RJ Walters

Only 20 percent of Americans believe there will be enough money left when it’s time for them to retire. To fix the problem, some people believe Social Security should allow means testing, where benefits are based on a person’s income. Others think the tax should be raised, the retirement age should be raised or the benefits should be cut down. Though there’s disagreement over how, Social Security is a program that almost everyone agrees needs to be fixed before the well starts to run dry. So as Social Security turns 80, when it comes to the future of the biggest … Continue reading Fear # 4 – Social Security Will Disappear

Having My SayLeave a comment

The birth of Social Security..

RJ Walters

Aug. 14, 1935: President Franklin Roosevelt signed the Social Security Act, which guaranteed an income for the unemployed and retirees. Social Security was initially created to combat unemployment, but now functions as a safety net for retirees and the disabled. It has remained relatively unchanged for 75 years. Social Security is funded mostly through payroll taxes called Federal Insurance Contributions Act tax FICA.When FDR launched Social Security, the United States was mired in the Great Depression, and poverty rates among senior citizens were estimated to be over 50 percent. Social Security was attacked by FDR’s critics, who called it “socialism.”SOURCE: … Continue reading The birth of Social Security..

Having My Say2 Comments

Why You Shouldn’t Regret Taking Benefits at 62

RJ Walters

Consider this headline from a recent survey of retirees: “Many Regret Decision to Take Social Security Early.” Sounds ominous, right? Well, the problem is that the title isn’t entirely supported by the survey’s actual results, which found that only 38% of respondents “say they wish they would have waited” longer before taking benefits. According to this, in other words, somewhere along the lines of 62% of respondents, or a large majority, evidently don’t regret the decision.And why should you? As Motley Fool contributor John Maxfield explains in the following video, the Social Security Administration has designed the benefit formula to … Continue reading Why You Shouldn’t Regret Taking Benefits at 62

Having My Say2 Comments

The Irony Of It All…

RJ Walters

I have been kind of watching the preliminaries for this latest “super committee” forming in Washington to come to some sort of budget deal and I am not impressed. On the one hand my Republican friends often scream that Medicare doesn’t pay enough for the services rendered. That doctors are dropping out of the system due to not making enough money. And then comes the first salvo of this latest round of budgeting. The first thing the GOP comes up with is cuts to Medicare?? I know that many on that side of the aisle are for a total defunding … Continue reading The Irony Of It All…

Other Things2 Comments

The Tea Party Pledge….

RJ Walters

I must admit that I spent over an hour yesterday watching the president’s news conference.  Boy, does that guy like to talk. But being a former college professor that shouldn’t be surprising. I will admit that I bought into much of his logic about holding our nation hostage for political gain. Are my Republican friends actually considering that option?? But the thing that spurred this post was a Republican 1st term house member that was on CNN immediately after the conference was over. Wolf Blitzer basically let the guy hang himself with his own words.  Guess who this yahoo represented? … Continue reading The Tea Party Pledge….

Having My Say3 Comments

Disability: the ‘de facto welfare program’

RJ Walters

  Every month, 14 million people now get a disability check from the government. The federal government spends more money each year on cash payments for disabled former workers than it spends on food stamps and welfare combined. […] [And] story of these programs — who goes on them, and why, and what happens after that — is, to a large extent, the story of the U.S. economy. It’s the story not only of an aging workforce, but also of a hidden, increasingly expensive safety net. Source: Has disability become a ‘de facto welfare program’? – In Plain Sight. I hate … Continue reading Disability: the ‘de facto welfare program’

Having My SayLeave a comment

Taste…..

RJ Walters

Elections are a good deal like marriages, there’s no accounting for anyone’s taste. – May 10, 1925   Will Rogers You did it again Will. You perfectly described an election eighty-seven years in the future. There is just no accounting for the taste of the people who will be voting Republican this year.  But then again we will have to wait to see just how many actually vote for that yahoo who will face Obama this year.  He does seem pretty good at accumulating wealth but doesn’t seem to have a clue of how people live on less than $1 million … Continue reading Taste…..

Having My Say4 Comments

Get Rid of It!!!

RJ Walters

It was 1965 when Medicare was enacted. I was just entering college so I still have some vivid memories of what went on around it.  I remember the conservatives in congress were saying such things as: We’ve got to repeal this law, it is bad for the country. Its Socialism. It takes away choice. It will bankrupt the country And the most typical comment that also goes with increasing the minimum wage Businesses will fail because of this law. Now almost a half a century later the same thing is being said about the Affordable Care Act that recently got … Continue reading Get Rid of It!!!

Having My Say5 Comments

Gaming The System……

RJ Walters

Source: Get personalized help to max out Social Security. Social Security Solutions’ optimization plan calls for my wife to file for her own benefits at age 67 but immediately suspend her payments — a perfectly legal strategy known as a file-and-suspend. We start getting some Social Security benefits immediately when I apply (at age 66) to receive a spousal benefit based on her earnings record, half of what she could receive. At age 70, my wife starts her own benefits; a year later, I switch to my own benefit when I turn 70. Both of our benefits are now at the … Continue reading Gaming The System……

Having My Say6 Comments

Is the Republican Party Insuring Its Own Demise??

RJ Walters

Is the Republican Party insuring its own demise by it continuing to focus on a narrower and narrower core group.  I want to believe this is the case as the alternative is that we as a country are now dominated by exclusion.  Being against things, particularly different groups of people, is what has been driving the Republican primaries lately. It has pushed their final candidate over to the extreme right of the political spectrum. Can the Republicans maintain a party that far off the center of American Politics? It seems like everyday the Republican party members alienate yet another group … Continue reading Is the Republican Party Insuring Its Own Demise??

Having My SayLeave a comment

Betting against death

RJ Walters

Source: https://news.fidelity.com/news/article.jhtml?guid=/FidelityNewsPage/pages/secrets-of-social-security-2&topic=living-in-retirement On the other hand, some people advocate drawing Social Security benefits at the first opportunity. Doug Carey, who founded the financial planning software firm WealthTrace, says Social Security doesn’t see itself as an odds maker, but it does require you to bet on your longevity. He offers this chart as proof. It graphs the break-even point for a person who earned the inflation-adjusted equivalent of $70,000 per year for 35 years. If this person waits until 70 to claim Social Security and lives until at least age 90, he’ll accumulate almost $162,000 more in benefits than he would if … Continue reading Betting against death

Having My SayLeave a comment

Taking Money Out of Social Security

RJ Walters

Source: Obama Strikes Populist Chord With Speech in Heartland – NYTimes.com. The most recent proposal by Senate Democrats calls for reducing the share of Social Security payroll tax paid by employees to 3.1 percent from the already reduced level of 4.2 percent. If Congress takes no action, the tax is to revert to 6.2 percent next month. The cut, under the proposal, would be offset by a 1.9 percent surtax on modified adjusted gross income in excess of $1 million, which would take effect in 2013. Everyone is saying that the Social Security Trust Fund is on the road to bankruptcy … Continue reading Taking Money Out of Social Security