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  • Why I Will Start Social Security At Age 62 [View article]
    Yea but... yea but....my wife won't let me stop working. She wants the SS check to be bigger in case I die early, then she'll have a higher check because she'll take mine vs. hers. I try to tell her that this works both ways, and that she could die earlier and if she kept working then I could take hers rather than mine. So until we conclude what to do, we're both working :-( ... and working....and working....and (well you know).
    Sep 2 04:43 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    I don't know that I have seen this yet in the postings, but just for your information:

    "The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2014, your maximum benefit would be $2,642. However, if you retire at age 62 in 2014, your maximum benefit would be $1,992. If you retire at age 70 in 2014, your maximum benefit would be $3,425."

    http://1.usa.gov/1sXHdSt
    Sep 2 04:18 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Restrictions Imposed On Citigroup's Hedge Fund Sales [View article]
    RIQ - "By that guage only"..... Seriously??? What a specious red herring.
    Sep 2 01:56 PM | Likes Like |Link to Comment
  • How To Survive A Secular Stagnation [View article]
    Ah yes.....debt. The money lenders and changers have ever been conducting their business in the same fashion....and then everyone gave them control of the "Central Banks". They must have nearly fallen over dead laughing at their achievement.
    Aug 28 06:30 PM | 5 Likes Like |Link to Comment
  • How To Survive A Secular Stagnation [View article]
    Unfortunately....the "powers" people don't ever start seriously thinking about solutions that are good for the constituents. The "powers" are only worried about the "brotherhood" of the powerful. Thus there will be no solutions. The fact is that we'll continue to be "weakened" because that's what they really want - a country that has no ability to stand in the way of what the "powers" want.

    And don't forget....they (they "powers") already think there are too many people in the world. So, the logical next step is major conflict involving the world and Islam. Fomenting such could clearly reduce population dramatically and at the same time - place the OIL in the hands of the "powers". I'm giving it maybe 5 - 7 years before the full blown conflict is underway. Of course, nukes will not be used....too non-conventional.
    Aug 28 06:28 PM | 3 Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    I was thinking that maybe you should marry multiple times for 10 years each and get 1/2 of each of your 4 wives Social Security. ;-)

    Something tells me that SS would check that out and not allow that to happen....otherwise, hmmmmmm?
    Aug 27 04:51 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Restrictions Imposed On Citigroup's Hedge Fund Sales [View article]
    Please clarify your statements with what your are measuring when you say, "poorer". Do you mean per capita income, do you mean average Fed Tax income, do you measure vs. Cost of Living? Are you measuring Real Income? And then you can also explain your claims about "largess". How is that measured? Is it tax distributions vs. tax receipts or what? Then we can talk about why there are differences, for example population density and federal highway funds.
    Aug 26 06:57 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Here is the IRS form explaining how to calc.

    http://1.usa.gov/1AScXxq
    Aug 26 06:51 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Chowder: this is from SS site.

    “If you work for someone else, only your wages count toward Social Security’s earnings limits. If you are self-employed, we count only your net earnings from self-employment. For the earnings limits, we do not count income such as other government benefits, investment earnings, interest, pensions, annuities and capital gains. However, we do count an employee’s contribution
    to a pension or retirement plan if the contribution amount is included in the employee’s gross wages.

    If you work for wages, income counts when it is earned, not when it is paid. If you have income that you earned in one year, but the payment was made in the following year, it should not be counted as earnings for the year you receive it. Some examples are accumulated sick or vacation pay and bonuses.

    If you are self-employed, income counts when you receive it—not when you earn it—unless it is paid in a year after you become entitled to Social Security and earned before you became entitled.

    Special rule for the first year you retire

    Sometimes people who retire in mid-year already have earned more than the annual earnings limit. That is why there is a special rule that applies to earnings for one year, usually the first year of retirement. Under this rule, you can get a full Social Security check for any whole month you are retired, regardless of your yearly earnings.”

    http://1.usa.gov/1lxq1Ad
    Aug 26 06:44 PM | 3 Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Thanks martinforsa.
    Aug 26 06:15 PM | Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Reductions occur if you take "early" retirement, prior to your FRA, Full Retirement Age. It's my understanding you can make all the money you want from employment after FRA with no penalty to SS payments. Nevertheless....the SS payments will be taxed as part of your income. Too bad they aren't "tax free". They should be as you already paid taxes on the Employee portion of contribution your whole life.
    Aug 26 04:49 PM | 3 Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    Just to clarify. It makes no sense to take SS at 62 if you are still going to work and make more than the minimum allowable (less than $1200 - $1300 a month if I recall). That min allowable is a monthly figure. In any month you make more than that number you start getting dinged. Over a certain amount....you get zero. I don't have facts on the holdback being paid at some future date.
    Aug 26 04:43 PM | 6 Likes Like |Link to Comment
  • Why I Will Start Social Security At Age 62 [View article]
    4 oclock...thanks. You covered many of the same bases I am currently reviewing. My concern has always been me dying prematurely and leaving my wife will less than adequate income. For that reason, I have supplemented with insurance on me.

    The cost of health insurance is a significant reason to continue working when the alternative is to pay $800 or $1000 a month premiums for COBRA or for Medicare Supplements.
    Aug 26 04:38 PM | 7 Likes Like |Link to Comment
  • There Isn't $10.8 Trillion 'Stuffed Under Mattresses' Because Of QE [View article]
    Well, that's what I am doing for some assets. Credit Union CD for 5 years at 2.2% or 75 months at 2.75%. No Treasuries for me. All my CD's are FDIC insured.
    Aug 25 05:39 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Restrictions Imposed On Citigroup's Hedge Fund Sales [View article]
    You think they are bad now....give them access to oil revenues and watch what happens. There is only one answer... total destruction. They have to want to live peaceably more than they want to die. Unfortunately....the latter seems to hold a lot of virtue for them.
    Aug 22 12:55 PM | 1 Like Like |Link to Comment
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