People of Faith For Resistance..

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 … Continue reading People of Faith For Resistance..

Fear # 4 – Social Security Will Disappear

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, … Continue reading Fear # 4 – Social Security Will Disappear

The birth of Social Security..

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 … Continue reading The birth of Social Security..

Why You Shouldn’t Regret Taking Benefits at 62

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% … Continue reading Why You Shouldn’t Regret Taking Benefits at 62

The Tea Party Pledge….

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 … Continue reading The Tea Party Pledge….

Disability: the ‘de facto welfare program’

  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 … Continue reading Disability: the ‘de facto welfare program’

Mr. 3.75 Percent

Source: Mr. 3.75 Percent – By Daniel Altman | Foreign Policy. One political leader who likes to plan for the really long term is Paul Ryan, the Republican nominee for U.S. vice president. By 2050, Ryan’s budget plan would reduce federal spending outside health-care programs and Social Security to 3.75 percent of GDP, down from 12.5 percent last year, according to the nonpartisan Congressional Budget Office. … Continue reading Mr. 3.75 Percent

Gaming The System……

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 … Continue reading Gaming The System……

Is the Republican Party Insuring Its Own Demise??

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 … Continue reading Is the Republican Party Insuring Its Own Demise??

Betting against death

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 … Continue reading Betting against death

Taking Money Out of Social Security

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 … Continue reading Taking Money Out of Social Security

You Live Longer If You Are Happy….

Source article:  Happy? You May live 35% Longer, Tracking Study Suggests | digtriad.com. Here is an interesting article about happiness. It seems if you are generally happy in life you live longer. We do know that happiness is associated with an extended life span,” she says. If we can get people to be happier, would that extend the lifespan? We don’t know that yet. Future … Continue reading You Live Longer If You Are Happy….

Do you need a little help President Obama??

Dear Mr. President I know you are pretty busy creating your State of the Union address for next Tuesday so I thought you could use some free advice from someone outside of the beltway.  No, I don’t have an MBA degree from Harvard or other Ivy league college although I did manage to graduate from Purdue University about more than forty years ago but that … Continue reading Do you need a little help President Obama??