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WMARKW

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  • 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
  • BofA reportedly settles mortgage claims for $17B [View news story]
    Or it's available to fund off government book activities including....who knows what, things, perhaps like "fast and furious"?
    Aug 21 06:35 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Eurozone Banks To Borrow €250B From ECB [View article]
    You got me. Just showed up all of a sudden.
    Aug 20 06:42 PM | Likes Like |Link to Comment
  • The 'Secular Stagnation' Theory Is Massively Overblown [View article]
    Here is an "Instablog". So Cullen's article is not an Instablog.

    http://seekingalpha.co...
    Aug 20 04:28 PM | Likes Like |Link to Comment
  • The 'Secular Stagnation' Theory Is Massively Overblown [View article]
    They are both on SA, so I guess I don't understand the difference.
    Aug 20 04:27 PM | Likes Like |Link to Comment
  • The 'Secular Stagnation' Theory Is Massively Overblown [View article]
    The latest SA article I read on BAC settling for $17 Billion:

    http://seekingalpha.co...

    It has no FB Likes in the "Like" button. Go figure? Is this a premium article?
    Aug 20 04:22 PM | Likes Like |Link to Comment
  • BofA reportedly settles mortgage claims for $17B [View news story]
    And who gets the money? Will MBS investors who were duped - get a single dime? No.
    Aug 20 04:20 PM | 1 Like Like |Link to Comment
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