Thank you Social Security.

[curtintex]

The Gummint's been rapin the SS system for ages! Stealin from the poor to feed the rich!

If you can tell me how SS benefits the "rich" in any way, I'd sure like to hear it.

[bwssr]

But if born on a small island near Guam...and never worked and came here as a student you could get 2500 a month....i applied for disability for being deaf....but was hired as a contract...and turned down

[Landrover]

the LOCKBOX was invaded about 4 or 5 presidents ago!!!

[glen]

Sorry. Wife and I are both on pensions and you are right. If you have income you are penalized by SS

[M16]

If you can tell me how SS benefits the "rich" in any way, I'd sure like to hear it.

Lmao! Just wait until you are Medicare age. The “rich” have payed in hundreds of thousands of dollars. Then their premiums are income based. You get to pay twice as much or more than than “poor” folks. **** rich get all the benefits.

[tvc184]

Lmao! Just wait until you are Medicare age. The “rich” have payed in hundreds of thousands of dollars. Then their premiums are income based. You get to pay twice as much or more than than “poor” folks. **** rich get all the benefits.

I believe that SS income is currently capped at $147,000. You could make $500,000 but the SS deduction ends at $147k.

[M16]

I believe that SS income is currently capped at $147,000. You could make $500,000 but the SS deduction ends at $147k.

Medicare tax rate is 2.9% without an income limit. Totally separate from socialist security.

[Swampa]

Sorry for you, but our govt is a scam. We aren’t the greatest country in the world any more


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[tvc184]

Medicare tax rate is 2.9% without an income limit. Totally separate from socialist security.

But do benefits improve? I am on SS and Medicare and I am almost certain the benefits are capped.

[Rhdme]

Pretty sure, once you reach retirement age there is no cap on what you make as I relates to your benefits. At least this is what I got from this article. If correct, I am assuming you are under 67 years old? And once you reach 67 you can make as much as want but still collect your full benefit. https://www.ssa.gov/pubs/EN-05-10069.pdf

That’s my interpretation anyway [emoji2369]


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[M16]

Your Medicare part b premium is income based. And it has nothing to do with earned income. The more you make over a certain amount the more you pay. So you pay more than the average income earner all your working years and then get penalized again.

[Rhdme]

From AARP website

“In 2022, Social Security withholds $1 in benefits for every $2 earned above the annual limit of $19,560 for people who claimed benefits before reaching full retirement age, which is 66 and 4 months for people born in 1956 and is gradually rising to 67. Earnings made as an employee, net earnings from self-employment, and work-related bonuses and awards count toward the limit.

Keep in mind

A different formula applies for the year in which a beneficiary will reach full retirement age — the earnings limit is $51,960, and $1 in benefits is withheld for every $3 in income exceeding the cap.
The earnings test goes away once a beneficiary reaches full retirement age. From then on, income level has no effect on Social Security benefits.”

The last is sentence, assuming aarp is correct, is pretty much
cut and dry. Not sure if the rules are different if your receiving benefits from a deceased spouse?


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[hpdrifter]

If you can tell me how SS benefits the "rich" in any way, I'd sure like to hear it.

Every so often, they'll dip into it for the "General Fund" so they can really play with it.

[Briar Friar]

This was the last thing on the list of to do's. Now hopefully I can settle in to trying to get back to some kind of normal.

I like your mentality. Good push.
Keep on keeping on.
God bless you and yours MrEagle.

[Hogmauler]

This was the last thing on the list of to do's. Now hopefully I can settle in to trying to get back to some kind of normal.

You have to brother. For her. It’s gonna be a new norm though. God heals all. Not time. He blessed you with a wonderful partner that you will see again.