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The Magic Cafe Forum Index » » Not very magical, still... » » RETIRE!!!!! » » TOPIC IS LOCKED (5 Likes) Printer Friendly Version

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S2000magician
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I guess it was, after all, too much for which to hope.

Sigh.
balducci
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Quote:
On Oct 20, 2015, Slim King wrote:

http://archive.democrats.com/view.cfm?id=4270
EVEN THE DEMOCRATS AGREE WITH ME!!!

Well, at least one person writing a blog post on a corporate site with "democrats" in its address does.

http://archive.democrats.com/display.cfm?id=106

"[W]e sell Internet campaign services to a number of Democratic candidates and party committees. We operate as a vendor, which means we provide technical services but do not influence policy."

http://archive.democrats.com/display.cfm?id=105

"Democrats.com is a company. We are a company made up of experienced Internet professionals ... We are the leading provider of Internet services to Democratic candidates, committees and causes. Our services include Web sites, e-mail broadcasting, online fundraising and Internet advertising."
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
Dannydoyle
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Quote:
On Oct 21, 2015, S2000magician wrote:
I guess it was, after all, too much for which to hope.

Sigh.


I bet was indeed rooted more in hope than expectation.
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
S2000magician
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Quote:
On Oct 20, 2015, Slim King wrote:
ROTFLMAO!!! ... The government has spent $17 trillion they don't have and you think the didn't sneak a DIME from the overflowing Social Security RETIREMENT funds ... ????
http://archive.democrats.com/view.cfm?id=4270
EVEN THE DEMOCRATS AGREE WITH ME!!!

One obvious way in which the author of that page agrees with you is that you both believe that saying something is sufficient to make it true: no evidence required.
The Hermit
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[quote]On Oct 20, 2015, E.S. Andrews wrote:
I don't know why we bother correcting Slim's pathological misstatements. Maybe it's just in the hopes of stemming the tide of disinformation he habitually parrots in his various threads. Anyway, here we go again (sigh):

The Social Security program was set up as a group old-age INSURANCE program that would pay old-age BENEFITS. In fact, it was initially titled “Social Insurance,” a kind of forced savings plan that would pay benefits to wage earners once they reached a certain age and were deemed unable to continue working. The program was designed to insure against rampant utter destitution amongst aging citizens as had occurred following the Great Depression, by paying old-age benefits sufficient for basic subsistence.

The Social Security program was NEVER intended, promoted or “promised” to be a government-administered RETIREMENT program that would pay all or a majority of a worker’s former wage or pay for older Americans to retire, in style or otherwise. There were advocates for such programs, but they were beaten back by conservatives who considered them too costly and socialistic. The compromise ultimately put forth by FDR was the Social Security Act of 1935: a U.S. Government "old-age benefit plan" funded by matching employer-employee contributions, paid into an interest-bearing "Old-Age Reserve fund in the United States Treasury."

And what were wage earners actually promised under the program? This: "What you get from the Government plan will always be more than you paid in [Social Security payroll] taxes and usually more than you can get for yourself by putting away the same amount of money each week in some other way."

THAT "promise" and the other quoted language comes straight from The 1936 Government Pamphlet on Social Security that Slim linked to and falsely cited for the proposition that the government "promised" that Social Security would enable him to retire and yet maintain his and his family's lifestyle for the rest of his years on this planet and beyond. The promises actually made by the government pertaining to the Social Security program were modest and have been kept, in every instance. [quote]

If that is the case than they lied. It's not a chance to earn more than you paid in. The money collected is used by the government for other purposes. The government owes you the money, but if they don't have it, they won't pay it. See Illinois as an example of what they have to pay on promises and don't. There is no guarantee that the government will pay you the money, it's not a forced savings account, it's a tax. The tax and the money owed are two different things and are not related. When they took higher SS taxes from me, they didn't raise my payout.
rockwall
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The government provides a website where you can calculate the SS payments you will received from the government. I'm planning on delaying my collection until I turn 70 at which point I'll get about $3000 a month. If my wife starts collecting at normal retirement age will be able to get about $2800 a month. That combines to almost $70K a year. Even if that's all we had, that doesn't seem too bad to me.
Dannydoyle
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It does seem ok
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
imgic
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Add some prudent investments...and you're set.
"Imagination is more important than knowledge."
The Hermit
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Quote:
On Oct 21, 2015, rockwall wrote:
The government provides a website where you can calculate the SS payments you will received from the government. I'm planning on delaying my collection until I turn 70 at which point I'll get about $3000 a month. If my wife starts collecting at normal retirement age will be able to get about $2800 a month. That combines to almost $70K a year. Even if that's all we had, that doesn't seem too bad to me.



I would look at the fine print
Slim King
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Quote:
On Oct 21, 2015, rockwall wrote:
The government provides a website where you can calculate the SS payments you will received from the government. I'm planning on delaying my collection until I turn 70 at which point I'll get about $3000 a month. If my wife starts collecting at normal retirement age will be able to get about $2800 a month. That combines to almost $70K a year. Even if that's all we had, that doesn't seem too bad to me.

That sounds like a good deal if you make it to 70. However you must look at the retirement years LOST. You will lose 8 of your Golden Years still working. You will be about 80 before you make back the money you could of had by retiring early, AND my investment advisor says those dollars will be worth much less than dollars today. But my point is, we should be getting MUCH MORE! What if you could get your $3,000 at 62? (My suggestion) You could let someone else have your gig and help solve the unemployment dilemma that is destroying the economy.
THE MAN THE SKEPTICS REFUSE TO TEST FOR ONE MILLION DOLLARS.. The Worlds Foremost Authority on Houdini's Life after Death.....
landmark
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Quote:
What if you could get your $3,000 at 62?


Then you'd have to vote for different people that the ones you've been voting for.
imgic
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Quote:
On Oct 23, 2015, landmark wrote:
Quote:
What if you could get your $3,000 at 62?


Then you'd have to vote for different people that the ones you've been voting for.


Or have to pay more into the system...
"Imagination is more important than knowledge."
imgic
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Golden years start at 62? My grandfather worked pretty much everyday until he was 84...
"Imagination is more important than knowledge."
rockwall
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Quote:
On Oct 23, 2015, Slim King wrote:
Quote:
On Oct 21, 2015, rockwall wrote:
The government provides a website where you can calculate the SS payments you will received from the government. I'm planning on delaying my collection until I turn 70 at which point I'll get about $3000 a month. If my wife starts collecting at normal retirement age will be able to get about $2800 a month. That combines to almost $70K a year. Even if that's all we had, that doesn't seem too bad to me.

That sounds like a good deal if you make it to 70. However you must look at the retirement years LOST. You will lose 8 of your Golden Years still working. You will be about 80 before you make back the money you could of had by retiring early, AND my investment advisor says those dollars will be worth much less than dollars today. But my point is, we should be getting MUCH MORE! What if you could get your $3,000 at 62? (My suggestion) You could let someone else have your gig and help solve the unemployment dilemma that is destroying the economy.


My wife is 7 years younger than me. She doesn't want me retiring 7 years before she does! Smile
Tom Jorgenson
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" ...help solve the unemployment dilemma that is destroying the economy..."

That is one result of 'the problem', not THE problem. Cure the cause, not the symptom.
We dance an invisible dance to music they cannot hear.
Slim King
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Quote:
On Oct 23, 2015, rockwall wrote:
Quote:
On Oct 23, 2015, Slim King wrote:
Quote:
On Oct 21, 2015, rockwall wrote:
The government provides a website where you can calculate the SS payments you will received from the government. I'm planning on delaying my collection until I turn 70 at which point I'll get about $3000 a month. If my wife starts collecting at normal retirement age will be able to get about $2800 a month. That combines to almost $70K a year. Even if that's all we had, that doesn't seem too bad to me.

That sounds like a good deal if you make it to 70. However you must look at the retirement years LOST. You will lose 8 of your Golden Years still working. You will be about 80 before you make back the money you could of had by retiring early, AND my investment advisor says those dollars will be worth much less than dollars today. But my point is, we should be getting MUCH MORE! What if you could get your $3,000 at 62? (My suggestion) You could let someone else have your gig and help solve the unemployment dilemma that is destroying the economy.


My wife is 7 years younger than me. She doesn't want me retiring 7 years before she does! Smile

My wife is 20 years younger than me. I'll retire when I want!! Smile I'm not waiting till I'm 82...LOL
THE MAN THE SKEPTICS REFUSE TO TEST FOR ONE MILLION DOLLARS.. The Worlds Foremost Authority on Houdini's Life after Death.....
Dannydoyle
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Why do you get to retire when you want and get to force others to retire when you say?
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
Slim King
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Looks like a few others say they stole my money too!!!!
THE MAN THE SKEPTICS REFUSE TO TEST FOR ONE MILLION DOLLARS.. The Worlds Foremost Authority on Houdini's Life after Death.....
Dannydoyle
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How is the stock market doing?
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
S2000magician
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Quote:
On Oct 29, 2015, Dannydoyle wrote:
How is the stock market doing?

Up 11.1% since September 28.

Makes you feel good for all your friends with 401(k)s who are making tons of money, doesn't it Slim?
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