Social Security benefits the poor less than the rich when you look at statistics. Poor men live about ten years less than rich men (top 10%). Middle class men survive about five years less than the top 10%. The survival gap between men and women is stark for the poor, but doesn't exist for the … Continue reading Rich retiree today will earn $168,000 more Social Security benefits than the poor, despite same total FICA taxes
Tag: Retirement
Social Security is owed, not an entitlement
Behind the headlines calling for private accounts and trumpeting tax increases and benefits cuts for Social Security recipients, there lurk good intentions, political dogmas, past decisions by committee-think, and grotesque pandering to young and old. How can this be explained in simplest terms, the media seems to wonder? How can we sell our root philosophy, … Continue reading Social Security is owed, not an entitlement
Social Security benefits keep dropping…
While there has been much discussion about the AMT (Alternative Minimum Tax) and revising it upward so it affects fewer people, Social Security benefits have not received the same attention.The SSA website notes:Beginning in 1984, includes up to one-half of Social Security benefits as taxable income for taxpayers whose adjusted gross income, combined with half … Continue reading Social Security benefits keep dropping…
MSNBC finally found France
In a news report early this morning, MSNBC noticed that some 3.5 million residents of France were demonstrating in the streets against raising the retirement age from 60 to 62. In the U.S. the current age is 66 with a law change leading to 67. There was no mention of the strike affecting the supplies … Continue reading MSNBC finally found France
Your Retirement, Obama, the IMF, Greece and the New Democrat Coalition
Fareed Rafiq Zakaria is one of the top 25 most influential journalists, according to Forbes magazine, and as editor at Newsweek and host of a Sunday CNN talk-show, it's difficult to argue that selection. Another of the top journalists is Charlie Rose of PBS fame. And you can add Mort Zuckerman, owner of U.S. News … Continue reading Your Retirement, Obama, the IMF, Greece and the New Democrat Coalition
You can fool nearly all the people... 