Category Archives: seniors

N Y Post can’t stand fact that worker earned a big pension while pub’s boss is worth $15,700,000,000

Retired NYC sanitation worker makes $285K a year from pension

That New York Post headline made many folks angry. Do garbage collectors get pensions worth more than they deserve? Are evil unions behind this? Or dopey Dems? Or a PC still running only DOS?

To illustrate their point, the newspaper published a photo, sort of artsy-fartsy, of a trash truck. That’s to show those readers, who live in gated communities, that there is a device, which removes that garbage the help takes out to the curb on Tuesdays and Fridays.

But back to that big pension – $285,000 a year.

The facts often get in the way of a sensational story, and this one is not an exception. Continue reading →

Ryan thinks he is John Galt – defender of the rich, enemy of the poor, not a denizen of the swamp?

Ayn Rand’s novel, Atlas Shrugged, begins with a simple question: Who is John Galt?

The answer comes in the last third of that 1957 book, where Galt emerges as the champion of capitalism and defender of Rand’s Objectivism philosophy, which has opposed:

  • Child and Adult Care Food Program
  • Federal Housing Assistance
  • Food Stamps
  • Head Start
  • Low-Income Home Energy Assistance Program
  • Medicare & Medicaid
  • Nationalized Health Care
  • School Lunch and Breakfast Programs
  • Social Security
  • Special Supplemental Nutrition Program
  • State Children’s Health Insurance Program
  • Temporary Assistance for Needy Families
  • The Pension Benefit Guaranty Corporation
  • Title XX Social Services Block Grant Program
  • Trade Adjustment Assistance
  • Workers’ Compensation

Galt was not real, but he was a hero to the children of many wealthy families. These sheltered capitalists-in-training saw Ayn Rand as a hero, because she espoused that caring for nobody but yourself was not selfish, but a virtue. Continue reading →

If all you want for Christmas is your two front teeth, it’s time to borrow $6,400 or pay 1/3 price in India

Visit Victoria Station while in Mumbai for implants

If our politicians ever make the effort to visit the “little people” – those neglected voters, who don’t live in gated communities and suck gin in the Capitol – our selected leaders will see smiles without front teeth. And that is just the beginning of their constituents’ dental problems.

Some 140 million Americans have no dental insurance, and for most who do pay premiums, the coverage won’t cover the cost of replacing those two front teeth with implants

Medicaid and Medicare will pay nothing.

If you search the web for how to afford dental implants, the usual answer is borrow the money. A few suggested contributing more to your Health Savings account (as if everyone has an account). One advised asking for charity on the Internet. I am surprised no one said: write a check or pay with cash. Continue reading →

Some seniors will pay a 296% tax increase under “Deep State” deal with media and politicians

Remember the promise of a tax cut primarily for the middle class?

For many Americans that will be a lie, and retired seniors will be hit the hardest, despite the attempted sleight of hand numbers game that “gives” you about double the standard deduction, but doesn’t mention the loss of personal exemptions.

Even worse, the so-called reform means that a couple that used to itemize deductions above $12,700 (under 65) and $15,200 (over 65) will now have to wait until the itemization exceeds $24,000.

The table below shows the current income tax formula for a senior couple with the average Social Security benefit, plus a part-time job, and an RMD. (At age 70 1/2 the government forces you to take out part of your IRA and pay income tax on it every year. If you have stocks or bonds, they must be sold to satisfy the IRS, even if they lost value.)

This average senior couple will pay $1,506 income tax under current law without itemization.

Some might wonder about that tax on Social Security Continue reading →

A Philadelphia public school that beat the preps and the 1940 NYPD class that excelled with no legacies

Every high school class has organizers, those busy, enthusiastic souls who run for student council, plan proms and after they graduate, are drawn to suggesting alumni events. The latest test for me to remember classmate names was on Saturday night at Central High School’s 211th class’ 75th member birthday party.

The original graduating class in 1959 had some 210 students; 46 have died. Ours was not the most remarkable class in the school’s history. A list of notable graduates from all classes is here.

In fact, it was good that some of the 211th weren’t there – Rev. Jeremy Wright, for example, who was rebuked by President Barack Obama. Or Kermit Gosnell, an abortion doctor, justly serving time for hideous acts.

There were special moments. Standing together for a class picture, Classmate Richard Donald Smith, who is blind, entertaining with a flute rendition of our school song. It was that kind of night.

Central was an all boys, public high school in Philadelphia, when I attended. There was a brutal entrance exam, also known as an I.Q. test, and the minimum score was 115, and the average was 125. There were 15 other public highs and 16 Catholic high schools in the city, all of them easier and more fun. We went to Central because our parents “suggested” we compete for entrance, and so we braced ourselves. Continue reading →

How a Medicaid divorce can save you millions.

Leave it to the scions of Washington D.C. to break up middle class marriages.

Under current law if your spouse enters a nursing home, both of you are obligated to pay for care. With an average Social Security check at about $14,000, the cost of a nursing home is impossible to pay out of current income. Most folks dip into savings.

But even a family with say, $400,000 saved over a lifetime, will see that money rapidly disappear because nursing home care is not covered by Medicare. You have to pay 100% of the costs.

To give you better sense of these expenses the states with the most expensive median annual rate for a single person’s private room bed in a nursing home:

  1. Alaska – $259,515
  2. Connecticut – $158,775
  3. Massachusetts – $139,430
  4. New York – $136,510
  5. Hawaii – $135,050

The states with the least expensive median annual rate for a single person’s private room bed in a nursing home:

  1. Oklahoma – $60,225
  2. Missouri – $60,955
  3. Louisiana – $62,050
  4. Kansas – $65,700
  5. Arkansas – $65,700

Double all the above numbers for two persons.

The table below shows the range of costs by state in 2015 of the daily rate for a private room. Continue reading →

Why are we ignoring criminal emails? Time for federal government to prosecute and prevent fraud hucksters!

online-email-fraud-seminar-invitiation-01Spam filter on your email server? Think that big internet provider is helping keep away the criminals? Wondering why the federal government has time to look at every email sent every day by every person, but no time to go after the fraud experts preying on the vulnerable citizen?

The answer is that nobody cares except the victims of fraud. If you steal a CD from a store, you can go to jail for years. If you try to steal the life savings of a senior, our politicians turn the other way. I get emails – 50 to 100 a day. Here’s a recent one that smells like danger to me, but maybe not to someone older and less perceptive:

reply to: simonmartha66@yahoo.com.ph
MESSAGE FROM THE HOSPITAL
My Beloved One,
This is Ms Martha Simon from Estonia writing from the hospital in Ivory Coast; therefore this mail is very urgent to attend. I am dying here in this hospital right now which i don’t know if i will see some days to come.
I was informed by my doctor that i was poisoned and the poison damaged my liver and i can only live for some days.
My Beloved, the reason why i contacted you today is because i know that my step mother wanted to kill me and take my inheritance from my late Father. I have a little adopted child named Andrew C. Mannik that i adopted in this Country when my late Father was alive and $3.5 million Dollars i inherited from my late father. My step mother and her children they are after Andrew right now because they found out that Andrew was aware of the poison and also because i handed the documents of the fund over to him the day my step Mother poisoned my food, for that they do not want Andrew to expose them, so they are doing everything possible to kill him.
My beloved, please i want you to help him out of this country with the money because he is the only one taking care of me here in this hospital right now and even this email you are reading now is the one helping me out. I know that you have adopted Children already, but i believe that when Andrew will stay with you as your Son that you won’t regret having him as your Son because am always proud of him.
I want you to get back to me so that he will give you the documents of the fund and he will direct you to a well known lawyer that i have appointed, the lawyer will assist you to change the documents of the fund to your name to enable the bank transfer the money to you..
This is the favor i need when you have gotten the fund :
(1) Keep 30% of the money for Andrew until he finish his studies to become a man as he has been there for me as my lovely Son and i have promised to support him in life to become a medical Doctor because he always desire for it with the scholarship he had won so far. I want you to take him along with you to your country and establish him as your son.
(2) Give 20% of the money to handicap people and charity organization. The remaining 50% should be yours for your help to Andrew.
Note; This should be a code between you and my son Andrew in this transaction “Hospital” any mail from him, the Lawyer he will direct you to, without this code “Hospital” is not from the Andrew, the Lawyer or myself as i don’t know what will happen to me in the next few hours.
Finally, write me back so that Andrew will send you his pictures to be sure of whom you are dealing with. Andrew is so little therefore guide him. And if i don’t hear from you i will look for another person or any organization.
May Almighty God bless you and use you to accomplish my wish. Pray for me always.
Ms Martha Simon

Continue reading →

White House wants to disarm some seniors; afraid of a revolt? Or, are there even more cuts to Social Security in the works?

Guns

What criminal would bother this gal?

Seeking tighter controls over firearm purchases, the Obama administration is pushing to ban Social Security beneficiaries from owning guns if they lack the mental capacity to manage their own affairs, a move that could affect millions whose monthly disability payments are handled by others.

The push is intended to bring the Social Security Administration in line with laws regulating who gets reported to the National Instant Criminal Background Check System, or NICS, which is used to prevent gun sales to felons, drug addicts, immigrants in the country illegally and others.

A potentially large group within Social Security are people who, in the language of federal gun laws, are unable to manage their own affairs due to “marked subnormal intelligence, or mental illness, incompetency, condition, or disease.” – Chicago Tribune, July 21, 2015

President Obama’s hometown newspaper hasn’t noticed that their city is a murder destination, despite bans on guns for the law-abiding, but oodles of firearms on the black market, primarily imported from Indiana. As one wealthy windy wit explained “if people want protection, do what I do, hire security guards.”

Were it so easy to have your own Secret Service in some of Chicago’s rough neighborhoods! The average Social Security check is about $1,400 a month, and then you have to deduct three or four thousand a year for Part B, deductibles, catastrophic insurance.  A good security guard should run you twice your gross earnings, and you need three a shift. Of course, you can dip into your average senior savings of $38,000 to pay for Continue reading →

“Fair Tax” by GOP would be fairy tale windfall for the rich

fairy dustLeave it to the greedy politicians and their wealthy puppet masters to come up with yet another “reform” that will benefit the upper class at the expense of the other 99%. This time it’s called the “Fair Tax”, and it’s made of fairy dust for the entitled.

Every GOP candidate for President appears to have been told this is the official goal for the year. It’s now a mainstay for every  conservative campaign, along with the standard “reforms” – abolishing Medicare (offering instead, a stipend to buy an imaginary “inexpensive” private plan for 70, 80, and 90-year-olds), plus. the usual GOP and “centrist” Democrat brainstorm to hike the retirement age for Social Security to 69 or 70 at first (and then increase it annually, according to Continue reading →

Seniors – get divorced and save on income taxes?

Now that nearly everyone, of every persuasion, seems to want to be married, seniors should advise the newly matrimonial-prone that true love expressed can cost you big bucks, when dealing with Uncle Sam. Here is a mock 1040 for a mythical single filer Herman Schmidlap:

Single 1Single 2Herman is filing single, and the return would be the same if filed as “married, but filing separately.” His wages were $15,000, plus $10,000 he was required by RMD to take from his IRA or face penalties, plus $25,000 Social Security Benefits. He has a $25,000 Continue reading →

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