Comments on: How to Avoid Paying Into Social Security http://moneysmartlife.com/how-to-avoid-paying-into-social-security/ Money Tips for a Better Life Sat, 20 Mar 2010 00:29:02 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Tired of SS http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-172883 Tired of SS Mon, 15 Mar 2010 01:24:26 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-172883 SS is crap and should be entirely optional at this point. Eff joo US government. SS is crap and should be entirely optional at this point. Eff joo US government.

]]> By: Can You Buy into Medicare? http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-169622 Can You Buy into Medicare? Wed, 06 Jan 2010 02:02:50 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-169622 [...] Re: Can You Buy into Medicare?             Go to Top How to Avoid Paying Into Social Security | Money Smart Life [...] [...] Re: Can You Buy into Medicare?             Go to Top How to Avoid Paying Into Social Security | Money Smart Life [...]

]]> By: George W. Benson http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-161895 George W. Benson Thu, 17 Sep 2009 11:22:44 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-161895 I am a 71 year man that is still woriing. Is there an age as to when I no longer have to pay income tax and social security. I am a 71 year man that is still woriing. Is there an age as to when I no longer have to pay income tax and social security.

]]> By: Kain http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-152435 Kain Fri, 19 Jun 2009 17:46:01 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-152435 You're an idiot Joe Dog. Social Security is a ponzi scheme. There are lots of people who rave about how much money they earned in this ponzi scheme or that ponzi scheme but it's the people at the end of the pyramid that get hosed. Social Security is not a trust fund. It is all a lie. The money is taken into the system and replaced by government IOU's and promptly spent. It is not "invested" over the life of your working but rather all the people paying into the system NOW pay for those IOU's to the people who are retired NOW. When I retire in 30 years, it will be my children and grandchildren who are paying for my Social Security. Now look at it from an investors point of view. I pay a little over 6% into SS and my employer pays the same (for about 12.5%). I also put in 3% into my 401K which my employer matches 3% (for about 6%). Assuming I make approximately 10% returns on my diversified 401K over the next 30 years (very realistic), My 401K will give me 3-4x the monthly amount that SS will pay out, and no "greedy CEO" stole a dime. How can that be??? Because my 401K is a true investment and not a ponzi scheme. It's not greedy CEO's and corporations that we need to be worried about, but a gigantic federal government that acts like a corporation and is run by greedy liars tricking stupid people like you into supporting their socialist ponzi scemes. You’re an idiot Joe Dog. Social Security is a ponzi scheme. There are lots of people who rave about how much money they earned in this ponzi scheme or that ponzi scheme but it’s the people at the end of the pyramid that get hosed. Social Security is not a trust fund. It is all a lie. The money is taken into the system and replaced by government IOU’s and promptly spent. It is not “invested” over the life of your working but rather all the people paying into the system NOW pay for those IOU’s to the people who are retired NOW. When I retire in 30 years, it will be my children and grandchildren who are paying for my Social Security. Now look at it from an investors point of view. I pay a little over 6% into SS and my employer pays the same (for about 12.5%). I also put in 3% into my 401K which my employer matches 3% (for about 6%). Assuming I make approximately 10% returns on my diversified 401K over the next 30 years (very realistic), My 401K will give me 3-4x the monthly amount that SS will pay out, and no “greedy CEO” stole a dime. How can that be??? Because my 401K is a true investment and not a ponzi scheme. It’s not greedy CEO’s and corporations that we need to be worried about, but a gigantic federal government that acts like a corporation and is run by greedy liars tricking stupid people like you into supporting their socialist ponzi scemes.

]]> By: David J http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-108918 David J Fri, 26 Sep 2008 16:45:17 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-108918 <i>Until then, I will help pay retired hard working Americans that need it.</i> Jeremie - actually, you're doing the opposite. You're giving money to the richest age demographic in the country. The vast majority of them don't need it. All it does is hinder the progress of the younger generation. SS is a tired old relic of New Deal socialism. Until then, I will help pay retired hard working Americans that need it.

Jeremie – actually, you’re doing the opposite. You’re giving money to the richest age demographic in the country. The vast majority of them don’t need it. All it does is hinder the progress of the younger generation. SS is a tired old relic of New Deal socialism.

]]> By: Joe Dog http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-87812 Joe Dog Fri, 11 Jul 2008 19:58:34 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-87812 There are a lot of liars out there...... I developed leukemia in 1988 and was sick for over three years... I worked for IBM at the time.... IBM put me on sick leave and after 18 months sick pay they reduced my sick pay to 75% OF MY regular pay. I had three kids in college at the time and my wife worked as a school teacher.. I started to worry a little, but we did not have any credit card bills and only car payment and house payment, but they were small. I joked with my manager one day and said I cant buy milk for my kids....Well my manager informed me that I was elgible for social security disability benefits. Well I applied and started getting monthly payments for myself and kids under 18.. When combined with my IBM payments I was getting more than when working. That is social security benefit that rich folks dont like talking about and insurance companies dont want you to have... If you are working under social security benefits you do not need to pay insurance premiuns for disability, social security provides it for you and your kids under 18 for as long as you are disabled and when you reach 65 they convert you to retirement. I was on disability from november 1988 to may of 2008 from age 46 to age 65 plus some months my benefit started at 1200.00 plus a month and today I receive 1860.00/month plus 830.00/monthly for an adopted grandson who is a dependent and will continue to get his payment along with any increases until he is out of high school or 19years old. People that is 2690.00/monthly from just social security. I also get a vetereans disability payment and an IBM retirement.. The social security and the vetereans payments are increased each year. IBM has not increased the monthly payment at all and it is now 300.00/month lower than my other benefits. Privatize your social security and some CEO will share your money. IBM is a total rip off not a cola since 1992 and I dont think there was one then. If I continue to live to age 80 my social security would be twice my IBM retirement... Believe those liars if you want. There are a lot of liars out there…… I developed leukemia in 1988 and was sick for over three years… I worked for IBM at the time…. IBM put me on sick leave and after 18 months sick pay they reduced my sick pay to 75% OF MY regular pay. I had three kids in college at the time and my wife worked as a school teacher.. I started to worry a little, but we did not have any credit card bills and only car payment and house payment, but they were small. I joked with my manager one day and said I cant buy milk for my kids….Well my manager informed me that I was elgible for social security disability benefits. Well I applied and started getting monthly payments for myself and kids under 18.. When combined with my IBM payments I was getting more than when working. That is social security benefit that rich folks dont like talking about and insurance companies dont want you to have… If you are working under social security benefits you do not need to pay insurance premiuns for disability, social security provides it for you and your kids under 18 for as long as you are disabled and when you reach 65 they convert you to retirement. I was on disability from november 1988 to may of 2008 from age 46 to age 65 plus some months my benefit started at 1200.00 plus a month and today I receive 1860.00/month plus 830.00/monthly for an adopted grandson who is a dependent and will continue to get his payment along with any increases until he is out of high school or 19years old. People that is 2690.00/monthly from just social security. I also get a vetereans disability payment and an IBM retirement.. The social security and the vetereans payments are increased each year. IBM has not increased the monthly payment at all and it is now 300.00/month lower than my other benefits. Privatize your social security and some CEO will share your money. IBM is a total rip off not a cola since 1992 and I dont think there was one then. If I continue to live to age 80 my social security would be twice my IBM retirement… Believe those liars if you want.

]]> By: Joe Dog http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-87811 Joe Dog Fri, 11 Jul 2008 18:58:14 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-87811 Why all the lies about teachers not getting social security if they retire on state retirement system?????? Who ever says his wife does not pay social security because she works 10 months is a liar... When teachers retire after 30 years service they start getting their retirement at age 55 and age 62 they can start getting reduced social security payments and get their regular social security payment at age 65. My wife in north carolina gets 1850.00/monthly from social security and 3288.00/monthly from state retirement and that is a total of 5138.00/monthly which is more cash monthly than when working. My sister is doing the same in Richmond Virginia. A cousing is doing even better in Buffalo New York. In Illinois they do not pay into social security and they dont receive any unless they earned 40 credits at some other job... Why the lies about social security???? I will tell you why,,, look at the stock market they have stolen all that is there and they need your 401k and your social security.... Only the very rich want to get rid of social security.... The reason is limited resources..... Can you just imagine how well my wife and I live with retirement income over 10,000.00 cash per month and no car note and no house note... We have actually purchase three townhouses in last three years for investments for our grandchildren and to send them to college if necessary... Our combined 401k is now over 750,000.00 and we dont touch it, we are reinvesting it out of the country. We will not be supe rich, but we will be independent and rich folks dont like that... None of our adult kids will ever borrow for a car, or a house, we can finance those purchases with our 401k or save and pay cash... This has been possible even thought we did not plan this.. We had no idea that the retirements and social security would amount to that much and it now seems like it was just yeaterday when we started. We were close to divorce several times... Now I see why you should not divorce, retirement benefits are too great and you lose... Our friends that divorced are working and paying mortages, while those that stayed the course are on vacation or cruising or whatever. Why all the lies about teachers not getting social security if they retire on state retirement system?????? Who ever says his wife does not pay social security because she works 10 months is a liar… When teachers retire after 30 years service they start getting their retirement at age 55 and age 62 they can start getting reduced social security payments and get their regular social security payment at age 65. My wife in north carolina gets 1850.00/monthly from social security and 3288.00/monthly from state retirement and that is a total of 5138.00/monthly which is more cash monthly than when working. My sister is doing the same in Richmond Virginia. A cousing is doing even better in Buffalo New York. In Illinois they do not pay into social security and they dont receive any unless they earned 40 credits at some other job… Why the lies about social security???? I will tell you why,,, look at the stock market they have stolen all that is there and they need your 401k and your social security…. Only the very rich want to get rid of social security….
The reason is limited resources….. Can you just imagine how well my wife and I live with retirement income over 10,000.00 cash per month and no car note and no house note… We have actually purchase three townhouses in last three years for investments for our grandchildren and to send them to college if necessary… Our combined 401k is now over 750,000.00 and we dont touch it, we are reinvesting it out of the country. We will not be supe rich, but we will be independent and rich folks dont like that… None of our adult kids will ever borrow for a car, or a house, we can finance those purchases with our 401k or save and pay cash… This has been possible even thought we did not plan this.. We had no idea that the retirements and social security would amount to that much and it now seems like it was just yeaterday when we started. We were close to divorce several times… Now I see why you should not divorce, retirement benefits are too great and you lose… Our friends that divorced are working and paying mortages, while those that stayed the course are on vacation or cruising or whatever.

]]> By: LESLIE G. MOORE http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-86028 LESLIE G. MOORE Mon, 23 Jun 2008 19:47:24 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-86028 I am working and collecting full social security. I am paying into social security thru pay roll deduction. When I retire, will I receive more benefit because I am still paying into social security? I am working and collecting full social security. I am paying into social security thru pay roll deduction. When I retire, will I receive more benefit because I am still paying into social security?

]]> By: Academics Blogs » Blog Archive » From Around the Blogosphere… (11/18/07) http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-31425 Academics Blogs » Blog Archive » From Around the Blogosphere… (11/18/07) Wed, 21 Nov 2007 03:16:49 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-31425 [...] How to Avoid Paying Into Social Security @ Money Smart Life [...] [...] How to Avoid Paying Into Social Security @ Money Smart Life [...]

]]> By: rebecca http://moneysmartlife.com/how-to-avoid-paying-into-social-security/comment-page-1/#comment-30931 rebecca Mon, 19 Nov 2007 17:08:51 +0000 http://moneysmartlife.com/how-to-avoid-paying-into-social-security/#comment-30931 The forfeit thing can't be right. My dad is/was a teacher and he deliberately chose to work summers at Target for a while until he qualified for SS. The forfeit thing can’t be right. My dad is/was a teacher and he deliberately chose to work summers at Target for a while until he qualified for SS.

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